'DAY OF RAGE': UNION PROTESTORS TO 'OCCUPY' WALL STREET
Imposing a "Robin Hood tax" on most financial transactions worldwide with the goal of taking from the "rich" to give to the "poor." Giving the Federal Reserve permission to regulate interest rates on savings accounts.These are just some of the policies endorsed by a group backing a "Day of Rage" targeting Wall Street and U.S. capitalism this Saturday. The scheme seeks to bring to American streets the "same indignation that has prompted the people of Greece and Spain to occupy streets and squares on a permanent basis, the people of Egypt and Tunisia to overthrow their governments, the people of Iceland to nationalize their bank system and rewrite the constitution." So reads a call to arms by a group calling itself the General Assembly of New York City. The group is asking supporters to participate in a "Day of Rage" on Sept. 17 to begin with the "occupation" of Wall Street and continue with protests across the nation.
WND previously reported how the upcoming protests, replete with a planned tent city in downtown Manhattan, are closely tied to the founders of ACORN and leaders of major U.S. unions, including the Service Employees International Union, or SEIU
Now the General Assembly of New York City has listed some of the possible goals of the upcoming protests:
- The imposition of a Robin Hood Tax on all financial transactions.
That tax is the brainchild of nongovernmental organizations largely based in the UK. It calls for a new tax on most goods and services to be implemented globally, regionally or unilaterally by individual nations.The name of the tax originated in 2008, when Italian treasury minister Giulio Tremonti introduced a windfall tax on the profits of energy companies. Tremonti called the tax a "Robin Hood Tax," stating it was aimed at the "wealthy" with revenue to be used for the benefit of poorer citizens.A prominent supporter of the Robin Hood Tax is Jeffrey Sachs, a Columbia University economist who crafted a controversial economic "shock therapy." Sachs is a key member of the Institute for New Economic Thinking, or INET.Billionaire George Soros is INET's founding sponsor, with the billionaire having provided a reported $25 million over five years to support INET activities. CONTINUE