1. Break up the monopolies.There are about 20 such firms in America, and they need to be dismantled. 2. Pay for your own bailouts. A tax of 0.1 percent on all trades of stocks and bonds and a 0.01 percent tax on all trades of derivatives would generate enough revenue to pay us back for the bailouts, and still have plenty left over to fight the deficits the banks claim to be so worried about. 3. No public money for private lobbying. A company that receives a public bailout should not be allowed to use the taxpayer’s own money to lobby against him. 4. Tax hedge-fund gamblers. For starters, we need an immediate repeal of the preposterous and indefensible carried-interest tax break. 5. Change the way bankers get paid. We need new laws preventing Wall Street executives from getting bonuses upfront for deals that might blow up in all of our faces later.
Americans favor Occupy Wall Street far more than Tea Party: Despite nonstop GOP and conservative disparagement of the Wall Street protests, the most detailed polling yet on Occupy Wall Street suggests that the public holds a broadly favorable view of the movement — and, crucially, the positions it holds.
Time released a new poll this morning finding that 54 percent view the Wall Street protests favorably, versus only 23 percent who think the opposite. Interestingly, only 23 percent say they don’t have an opinion, suggesting the protests have succeeded in punching through to the mainstream. Also: The most populist positions espoused by Occupy Wall Street — that the gap between rich and poor has grown too large; that taxes should be raised on the rich; that execs responsible for the meltdown should be prosecuted — all have strong support.
Meanwhile, the poll found that only 27 percent have a favorable view of the Tea Party. My handy Plum Line calculator tells me that this amounts to half the number of those who view Occupy Wall Street favorably. In fairness, the Tea Party has been in existence since before the 2010 elections, and even has had a seat at the governing table during the debt ceiling and government shutdown debacles, which clearly took their toll on the Tea Party’s image. Occupy Wall Street is just getting started. But it does seem clear that a confluence of events — the protests, Obama’s jobs push, Elizabeth Warren’s Senate candidacy, and the national backlash from the right all these things have provoked — are pushing populist issues such as fair taxation and income inequality to the forefront of the national conversation.
It turns out we don’t live in Tea Party Nation, after all.