Where Does Occupy Wall Street Go From Here?

...a proposal from Michael Moore

Tuesday, November 22nd, 2011

Friends,

This past weekend I participated in a four-hour meeting of Occupy Wall Street activists whose job it is to come up with the vision and goals of the movement. It was attended by 40+ people and the discussion was both inspiring and invigorating. Here is what we ended up proposing as the movement's "vision statement" to the General Assembly of Occupy Wall Street:

We Envision:

[1] a truly free, democratic, and just society;

[2] where we, the people, come together and solve our problems by consensus;

[3] where people are encouraged to take personal and collective responsibility and participate in decision making;

[4] where we learn to live in harmony and embrace principles of toleration and respect for diversity and the differing views of others;

[5] where we secure the civil and human rights of all from violation by tyrannical forces and unjust governments;

[6] where political and economic institutions work to benefit all, not just the privileged few;

[7] where we provide full and free education to everyone, not merely to get jobs but to grow and flourish as human beings;

[8] where we value human needs over monetary gain, to ensure decent standards of living without which effective democracy is impossible;

[9] where we work together to protect the global environment to ensure that future generations will have safe and clean air, water and food supplies, and will be able to enjoy the beauty and bounty of nature that past generations have enjoyed.

The next step will be to develop a specific list of goals and demands. As one of the millions of people who are participating in the Occupy Wall Street movement, I would like to respectfully offer my suggestions of what we can all get behind now to wrestle the control of our country out of the hands of the 1% and place it squarely with the 99% majority.

Here is what I will propose to the General Assembly of Occupy Wall Street:

10 Things We Want
A Proposal for Occupy Wall Street
Submitted by Michael Moore

1. Eradicate the Bush tax cuts for the rich and institute new taxes on the wealthiest Americans and on corporations, including a tax on all trading on Wall Street (where they currently pay 0%).

2. Assess a penalty tax on any corporation that moves American jobs to other countries when that company is already making profits in America. Our jobs are the most important national treasure and they cannot be removed from the country simply because someone wants to make more money.

3. Require that all Americans pay the same Social Security tax on all of their earnings (normally, the middle class pays about 6% of their income to Social Security; someone making $1 million a year pays about 0.6% (or 90% less than the average person). This law would simply make the rich pay what everyone else pays.

4. Reinstate the Glass-Steagall Act, placing serious regulations on how business is conducted by Wall Street and the banks.

5. Investigate the Crash of 2008, and bring to justice those who committed any crimes.

6. Reorder our nation's spending priorities (including the ending of all foreign wars and their cost of over $2 billion a week). This will re-open libraries, reinstate band and art and civics classes in our schools, fix our roads and bridges and infrastructure, wire the entire country for 21st century internet, and support scientific research that improves our lives.

7. Join the rest of the free world and create a single-payer, free and universal health care system that covers all Americans all of the time.

8. Immediately reduce carbon emissions that are destroying the planet and discover ways to live without the oil that will be depleted and gone by the end of this century.

9. Require corporations with more than 10,000 employees to restructure their board of directors so that 50% of its members are elected by the company’s workers. We can never have a real democracy as long as most people have no say in what happens at the place they spend most of their time: their job. (For any U.S. businesspeople freaking out at this idea because you think workers can't run a successful company: Germany has a law like this and it has helped to make Germany the world’s leading manufacturing exporter.)

10. We, the people, must pass three constitutional amendments that will go a long way toward fixing the core problems we now have. These include:

a) A constitutional amendment that fixes our broken electoral system by 1) completely removing campaign contributions from the political process; 2) requiring all elections to be publicly financed; 3) moving election day to the weekend to increase voter turnout; 4) making all Americans registered voters at the moment of their birth; 5) banning computerized voting and requiring that all elections take place on paper ballots.

b) A constitutional amendment declaring that corporations are not people and do not have the constitutional rights of citizens. This amendment should also state that the interests of the general public and society must always come before the interests of corporations.

c) A constitutional amendment that will act as a "second bill of rights" as proposed by President Frankin D. Roosevelt: that every American has a human right to employment, to health care, to a free and full education, to breathe clean air, drink clean water and eat safe food, and to be cared for with dignity and respect in their old age.

Let me know what you think. Occupy Wall Street enjoys the support of millions. It is a movement that cannot be stopped. Become part of it by sharing your thoughts with me or online (at OccupyWallSt.org). Get involved in (or start!) your own local Occupy movement. Make some noise. You don't have to pitch a tent in lower Manhattan to be an Occupier. You are one just by saying you are. This movement has no singular leader or spokesperson; every participant is a leader in their neighborhood, their school, their place of work. Each of you is a spokesperson to those whom you encounter. There are no dues to pay, no permission to seek in order to create an action.

We are but ten weeks old, yet we have already changed the national conversation. This is our moment, the one we've been hoping for, waiting for. If it's going to happen it has to happen now. Don't sit this one out. This is the real deal. This is it.

Have a happy Thanksgiving!

Yours,
Michael Moore
MMFlint@MichaelMoore.com
@MMFlint
MichaelMoore.com

And that is WHY WE OCCUPY

by Greg Palast and the Palast investigations team at Zuccotti Park Wall Street, Occupy Portland, Occupy Oakland, and Kinshasa, Congo

exclusive for OpedNews.com

So big deal. They evicted us. That just means we are among five million Americans evicted from their homes this year.

Our photographer, Zach Roberts, had his camera cracked and his head whacked. [See the photo of the nightstick just before it breaks the lens.]

Go ahead, kick us and evict us. That won't stop us. Because it's not about the real estate. Wall Street's just an address.

Time to remind The One Percent why we occupy.

We occupy for Stanlee Ann Mattingly.

Mattingly, an Osage Indian, saw a tanker truck poaching oil from the reservation stripper wells. Our investigators tracked the truck back to a man on a platform exhorting his company truckers to steal more of the Osage's oil. The man is named Charles Koch.

And that is why we occupy.

We occupy for Jason Anderson.

Anderson worked on BP's Deepwater Horizon rig. Through bribery and beatings, BP concealed this fact: two years before the Deepwater exploded, another BP well blew out in Central Asia--and BP execs withheld the info from the US Congress to get the Gulf drilling permit. If BP hadn't lied, Anderson would not have been incinerated.

The Deepwater Horizon wasn't an accident. It was a homicide.

And that is why we occupy.

We occupy for Robert Pratt.

Pratt, a United Auto Workers member in Detroit, has a mortgage payment that tripled because of a sub-prime mortgage scam by Bank of America's Countrywide unit. Countrywide's CEO got a half billion dollar bonus, Bank of America got a $10 billion bail-out from taxpayers--and Pratt, with five kids, got a foreclosure notice.

And that is why we occupy.

We occupy for Janessa Greig.

Greig, 13-years old, and her mom, Jacqueline, were burnt to death when a gas pipeline exploded under their home in San Bruno, California. Our investigation reveals that "PIGs," pipeline inspection robots, were deliberately mis-programmed to under-report dangerous pipeline cracks ...all so gas and oil companies can save a couple bucks on repairs. The Greigs died because pipeline companies lied. And now the PIG-jackers want to build a new pipeline from Canada to Houston.

And that is why we occupy.

We occupy for Vaggelis Petrakis.

For a decade, Goldman Sachs worked a scheme with Greek politicians to manipulate currency reserves to hide big deficits. The fraud netted Goldman a secret fee of over a quarter billion dollars; and netted the Greek people, when the scam blew up, a destroyed economy and a debt--to Goldman and cronies--of $14,000 per year per family. When the debts bankrupted fruit-seller Petrakis, he committed suicide.

And that is why we occupy.

We occupy for our nation and our kids and this wounded planet.

It's not about the real estate, the tents or tarps.

It's about Them, the 1%, and Us, the 99%.

THEY get homes bigger than Disneyland, WE get foreclosure notices.

THEY get private jets to private islands, WE get tar balls and lost futures, and pay their gambling debts with our pensions.

THEY get the third trophy wife and a tax break, WE get sub-primed.

THEY get two candidates on the ballot and WE are told to choose.

THEY get the gold mine, WE get the shaft.

And that is why we occupy.

****

These investigative findings, the evidence and the story of the cover-ups of the evidence are all contained in Vultures' Picnic, an investigation of The One Percent, Greg Palast's new book, released this week. Go to VulturesPicnic.org to download the first chapter.

Palast's investigation of finance vultures is featured on the front page of today's Guardian (London) and tonight on BBC Television Newsnight.
A report from Congo, Bosnia and New York.
- UK urged to prevent vulture funds preying on world's poorest countries
- Vultures feed when economies are turned into rotting carcasses

Vultures' Picnic: in Pursuit of Petroleum Pigs, Power Pirates and High-Finance Fraudsters.

****

Subscribe to Palast's Newsletter and podcasts.
Follow Palast on Facebook and Twitter.

GregPalast.com

Fukushima: They Knew!

"Completely and Utterly Fail in an Earthquake"

The Fukushima story you didn't hear on CNN

by Greg Palast
for FreePress.org

Friday, November 11, 2011

I've seen a lot of sick stuff in my career, but this was sick on a new level.

Here was the handwritten log kept by a senior engineer at the nuclear power plant:

"Wiesel was very upset. He seemed very nervous. Very agitated. . . . In fact, the plant was riddled with problems that, no way on earth, could stand an earth- quake. The team of engineers sent in to inspect found that most of these components could "completely and utterly fail" during an earthquake."

"Utterly fail during an earthquake." And here in Japan was the quake and here is the utter failure.

The warning was in what the investigations team called The Notebook, which I'm not supposed to have. Good thing I've kept a copy anyway, because the file cabinets went down with my office building ....

WORLD TRADE CENTER TOWER 1, FIFTY-SECOND FLOOR
NEW YORK, 1986

[This is an excerpt in FreePress.org from Vultures' Picnic: In Pursuit of Petroleum Pigs, Power Pirates and High-Finance Fraudsters, to be released this Monday. Click here to get the videos and the book.]

Two senior nuclear plant engineers were spilling out their souls and files on our huge conference table, blowing away my government investigations team with the inside stuff about the construction of the Shoreham, New York, power station.

The meeting was secret. Very secret. Their courage could destroy their careers: No engineering firm wants to hire a snitch, even one who has saved thousands of lives. They could lose their jobs; they could lose everything. They did. That's what happens. Have a nice day.

On March 12 this year, as I watched Fukushima melt, I knew: the "SQ" had been faked. Anderson Cooper said it would all be OK. He'd flown to Japan, to suck up the radiation and official company bullshit. The horror show was not the fault of Tokyo Electric, he said, because the plant was built to withstand only an 8.0 earthquake on the Richter scale, and this was 9.0. Anderson must have been in the gym when they handed out the facts. The 9.0 shake was in the middle of the Pacific Ocean, 90 miles away. It was barely a tenth of that power at Fukushima.

I was ready to vomit. Because I knew who had designed the plant, who had built it and whom Tokyo Electric Power was having rebuild it: Shaw Construction. The latest alias of Stone & Webster, the designated builder for every one of the four new nuclear plants that the Obama Administration has approved for billions in federal studies.

But I had The Notebook, the diaries of the earthquake inspector for the company. I'd squirreled it out sometime before the Trade Center went down. I shouldn't have done that. Too bad.

All field engineers keep a diary. Gordon Dick, a supervisor, wasn't sup- posed to show his to us. I asked him to show it to us and, reluctantly, he directed me to these notes about the "SQ" tests.

SQ is nuclear-speak for "Seismic Qualification." A seismically qualified nuclear plant won't melt down if you shake it. A "seismic event" can be an earthquake or a Christmas present from Al Qaeda. You can't run a nuclear reactor in the USA or Europe or Japan without certified SQ.

This much is clear from his notebook: This nuclear plant will melt down in an earthquake. The plant dismally failed to meet the Seismic I (shaking) standards required by U.S. and international rules.

Here's what we learned: Dick's subordinate at the nuclear plant, Robert Wiesel, conducted the standard seismic review. Wiesel flunked his company. No good. Dick then ordered Wiesel to change his report to the Nuclear Regulatory Commission, change it from failed to passed. Dick didn't want to make Wiesel do it, but Dick was under the gun himself, acting on direct command from corporate chiefs. From The Notebook:

Wiesel was very upset. He seemed very nervous. Very agitated. [He said,] "I believe these are bad results and I believe it's reportable," and then he took the volume of federal regulations from the shelf and went to section 50.55(e), which describes reportable deficiencies at a nuclear plant and [they] read the section together, with Wiesel pointing to the appropriate paragraphs that federal law clearly required [them and the company] to report the Category II, Seismic I deficiencies.

Wiesel then expressed his concern that he was afraid that if he [Wiesel] reported the deficiencies, he would be fired, but that if he didn't report the deficiencies, he would be breaking a federal law. . .

The law is clear. It is a crime not to report a safety failure. I could imagine Wiesel standing there with that big, thick rule book in his hands, The Law. It must have been heavy. So was his paycheck. He weighed the choices: Break the law, possibly a jail-time crime, or keep his job.

What did Wiesel do? What would you do?

Why the hell would his company make this man walk the line? Why did they put the gun to his head, to make him conceal mortal danger? It was the money. It's always the money. Fixing the seismic problem would have cost the plant's owner half a billion dollars easy. A guy from corporate told Dick, "Bob is a good man. He'll do what's right. Don't worry about Bob."

That is, they thought Bob would save his job and career rather than rat out the company to the feds.

But I think we should all worry about Bob. The company he worked for, Stone & Webster Engineering, built or designed about a third of the nuclear plants in the United States.

From the fifty-second floor we could look at the Statue of Liberty. She didn't look back.

***

Greg Palast is the author of Vultures' Picnic: In Pursuit of Petroleum Pigs, Power Pirates and High-Finance Carnivores, which will be released on November 14 by Penguin USA.

America’s corporate tax obscenity

In 2010, Verizon reported an annual profit of nearly $12 billion. The statutory federal corporate income tax rate is 35 percent, so theoretically, Verizon should have owed the IRS around $4.2 billlion. Instead, according to figures compiled by the Center for Tax Justice, the company actually boasted a negative tax liability of $703 million. Verizon ended up making even more money after it calculated its taxes.

Verizon is hardly alone, and isn’t even close to being the worst offender. Perhaps most famously, General Electric raked in $10.5 billion in profit in 2010, yet ended up reporting $4.7 billion worth of negative taxes. The worst offender in 2010, as measured by its overall negative tax rate, was Pepco, the electricity utility that serves Washington, D.C. Pepco reported profits of $882 million in 2010, and negative taxes of $508 million — a negative tax rate of 57.6 percent.

Altogether, according to “Corporate Taxpayers & Corporate Tax Dodgers 2008-10,” a blockbuster new report put together by the Citizens for Tax Justice and the Institute on Taxation and Economic Policy that will have you reaching for your hypertension medicine before you finish reading the third page, 37 of the United States’ biggest corporations paid zero taxes in 2010. The list is a blue-chip roll-call.

As the authors acidly note, “Most Americans can rightfully complain, ‘I pay more federal income taxes than General Electric, Boeing, DuPont, Wells Fargo, Verizon, etc., etc., all put together.’ That’s an unacceptable situation.”

The “high taxation” lie

Reading through this report, you will find yourself seized by an irresistible desire to hurl yourself headlong into the nearest OccupyYourLocalCity protest. In an era of crushing government deficits and mass unemployment, corporate America is not only skating blissfully free of its civic responsibilities, but continues to complain that it is paying too much in taxes. Even worse: Congressional Republicans and many Democrats agree! Listening to our politicians talk, you would imagine that corporate America’s neck is permanently under the tax man’s steel-tipped boot. When, in fact, the exact opposite is the truth.

The list of companies that paid zero taxes is only the beginning of the travesties documented by the report. The authors looked at the tax filings from 2008-2010 of 280 of the nation’s biggest, most successful corporations. These companies reported $1.4 trillion worth of profit during a period when most Americans were struggling to stay afloat. The authors discovered that the average effective tax rate — what the companies really paid after government subsidies, tax breaks and various tax dodges were taken into account — was only 18.5 percent, less than half the statutory rate. Fully a quarter of the 280 companies paid under 10 percent.

Remember that fact, the next time someone tries to tell you that American corporations pay the highest income taxes in the free world. The only number that counts is the “effective tax rate.” One of the interesting tidbits provided by the authors is that in many cases, the tax rate on foreign income for many of these companies is actually higher than the effective U.S. rate.

The most distressing part of the tale is the big picture: The overall trend line is pointed in exactly the wrong direction. If you break out just the years 2009-2010, the effective tax rate was 17.3 percent. “In 2008, 22 companies paid no federal income tax, and got $3.3 billion in tax rebates. In 2010, 37 companies paid no income tax, and got $7.8 billion in rebates.” When measured as a percentage of total GDP, over the last three fiscal years, “total corporate income tax payments fell to only 1.16 percent of the GDP … a new sustained record low since World War II.

Corporate taxes paid for more than a quarter of federal outlays in the 1950s and a fifth in the 1960s. They began to decline during the Nixon administration, yet even by the second half of the 1990s, corporate taxes still covered 11 percent of the cost of federal programs. But in fiscal 2010, corporate taxes paid for a mere 6 percent of the federal government’s expenses.

How have these companies managed to cut their tax liabilities so far? The answer includes a mixture of targeted tax breaks that impact specific industries or companies, accounting games that corporations play with stock options, and sweeping adjustments to tax law such as changes in the rules in how companies can write off the value of depreciating equipment. The accounting rules for so-called accelerated depreciation are now so accommodating that companies can write off 75 percent of the cost of new equipment immediately.

A look at the list of the 10 corporations receiving the biggest tax-subsidy breaks from the U.S. government will defeat the ameliorating effects of any medication: Wells Fargo, AT&T, Verizon Communications, General Electric, International Business Machines, Exxon Mobil, Boeing, PNC Financial Services Group, Goldman Sachs Group, and Procter & Gamble. “56 percent of tax subsidies,” write the authors, “went to four industries: financial, utilities, telecom, oil/gas/pipeline.”

The companies that pay

However, not all companies are tax dodgers. Of the 280 companies analyzed by the authors, about 25 percent of the total paid close to the statutory rate, a little over 30 percent. But there’s no rhyme or reason to who pays or who doesn’t.

DuPont and Monsanto both produce chemicals. But over the 2008-10 period, Monsanto paid 22 percent of its profits in U.S. corporate income taxes, while DuPont actually paid a negative tax rate of –3.4 percent. Department store chain Macy’s paid a three-year rate of 12.1 percent, while competing chain Nordstrom’s paid 37.1 percent. In computer technology, Hewlett-Packard paid 3.7 of its three-year U.S. profits in federal income taxes, while Texas Instruments paid 33.5 percent. FedEx paid 0.9 percent over three years, while its competitor United Parcel Service paid 24.1 percent.

The authors conclude on a wistful note, with a list of what Washington could do to bring sense and reason to corporate taxation, while providing the government with desperately needed revenue. But as the authors themselves readily acknowledge, their recommendations exist in an alternate universe from the one that we actually happen to live in.

Unfortunately, corporate tax legislation now being promoted by many in Congress seems stuck on the idea that as a group, corporations are now either paying the perfect amount in federal income taxes or are paying too much. Many members of the tax writing committees in Congress seem intent on making changes that would actually make it easier (and more lucrative) for companies to shift taxable profits, and potentially jobs, overseas. Meanwhile, GOP candidates for president are all promoting huge cuts in the corporate tax or, in several cases, even elimination of the corporate income tax entirely.

And that, ultimately, is the most enraging fact about the new report from the Citizens for Tax Justice and the Institute on Taxation and Economic Policy. It won’t make a darn bit of difference.

Source: http://www.salon.com/2011/11/03/the_great_corporate_tax_scam/