Occupy movement joins annual protest at Chevron HQ
Original post made on May 31, 2012
Read the full story here Web Link posted Wednesday, May 30, 2012, 9:26 PM
on May 31, 2012 at 10:48 am
In solidarity with the occupy movement. Occupy Chevron!
on May 31, 2012 at 12:22 pm
Instead of "Occupiers" they should be called "Occu liars."
They claim Chevron isn't paying its "fair share," even though Chevron has a 44% effective tax rate, according to its SEC filings, one of the highest of any company in the world. In comparison, the average effective tax rate for S&P 500 companies is 26%.
And those protesters aren't paying their fair share. Middle class income taxes are at historic lows, currently 5.6% for a family of four. And overall federal taxes --which include income as well as payroll and excise taxes -- on middle-income households are near their lowest levels in decades, 14.3% on average.
Meanwhile, the average income tax rate of the top 1% is currently 24%, which does not include payroll & excise taxes, the impending 3.8% Obamacare surtax on investment income and 0.9% payroll tax (assuming it is ruled constitutional), nor the 10% California state income tax. The top 5% pay more taxes than the bottom 95% combined.
It's time for the Occupiers to pay their fair share.
on May 31, 2012 at 1:51 pm
The Occupy movement "is an international, people-driven movement of individuals with many different backgrounds and political beliefs. Since we no longer trust our elected officials to represent anyone other than their wealthiest donors, #occupy empowers real people to create real change from the bottom up. Organized in over 100 cities in the United States, the movement aims to fight back against the system that has allowed the richest 1% to write the rules governing an unbalanced and inequitable global economy, and thus foreclosing on our future."
What does the Occupy Movement want? "to end the monetized relationship between corrupt politicians and corporate criminals. To end profit-driven policies. We believe our grievances are connected and rooted in corrosive corporate influences. We want a system that operates in the interest of the people."