Occupy Wall Street - Why Are They Up In Arms?
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Occupy Wall Street - Why Are They Up In Arms?

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With the economy struggling and millions of Americans filing personal bankruptcy, the Occupy Movement was born.

Occupy Wall Street and the Occupy movement have caught the world's attention, with protests, demonstrations and encampments sprouting throughout America.What are the protests hoping to achieve and what are the political and legal ramifications of the OWS movement? Find out below.

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OWS - What Are They Up In Arms About?

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Occupy Wall Street - Why Are They Up in Arms?

Occupy Wall Street is a protest started by Adbusters, a Canadian activist group, which began September 17th, 2011.

The protest began over the disparity between the wealthy 1% of Americans and the 99% of other Americans.

What is Occupy Wall Street About?

The basis of the protest is about the inequality between the regular and the wealthy.

Everyone has his or her own reasons for participating, however. People can add their own demands to the page at OccupyWallStreet.org

Demands include:

Fight Corporate Greed

  • Job exportation penalties
  • Illegal employee fines
  • Importation taxes
  • Reduce Federal Reserve power

Fight Domestic Greed

  • Welfare screening
  • Full Medicare, Medicaid, and Social Security for elderly

Fight Political Greed

  • Financial accountability during campaigns

Are the Protests Working?

The most important question in situations like this is whether or not the protests are doing any good. Are they making a difference? That might depend on whom you talk to.

Achieving Goals: While no particular goal has been pursued and achieved by the OWS protests, they have certainly garnered global attention.

Effects on Wall Street's Local Business: Local merchants (who are in the 99%) are worried about the lack of business caused by police barricades. Some feel that they may even lose their businesses if the protests continue much longer.

Sales in many businesses have dropped by about 20% during the Occupy Wall Street movement. Other businesses (particularly food-related) are doing better thanks to protesters making purchases.

Spreading the Word

Cities: Wall Street isn't the only place being occupied. The movement has spread to other areas and other types of protests. These include Occupy Oakland, Occupy San Diego, Occupy St. Louis, Occupy Chicago, Occupy D.C., Occupy Boston, Occupy Rome, Occupy Amsterdam and Occupy Tokyo. Other cities are joining in as the Wall Street protests go on.

Other: Occupy George. This movement stamps $1 bills in visual form, showing what percent of every dollar goes to the richest 400 Americans (75%) versus the bottom 150,000,000 (25%).

Legal Ramifications of Occupy Wall Street

Members of the National Lawyers Guild are legal observers for the protesters and ensure that they are taking care of their legal rights. The Guild members keep an eye on things and ensure that Occupy Wall Street participants are properly looked after.

Police entrapment is being cited at one event. Protesters were permitted onto the Brooklyn Bridge, and then boxed in on either side and arrested. Police claimed that protesters ignored orders to evacuate the bridge.

In another incident, emails between OWS protesters were forwarded to the FBI and the police, which could constitute a breach of civil liberty rights.

Even though protesters seem to still be working out their messages and demands, the Occupy Wall Street movement is ongoing and has been gathering more and more supporters as it continues. Not only has the phenomenon spread to other cities within the U.S., it has also zipped around the globe. Only time will tell whether the protesting efforts will impact as followers hope.

Published by Total Bankruptcy.

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