Occupy Movement Arrives Downunder - Finally!
Demonstrators inspired by the Occupy Wall Street movement in the US will set up a permanent campsite outside the Reserve Bank in Sydney in an effort to spread their anti-corporate greed message.
The protest, listed as a public event on Facebook will run from 2:30pm Saturday the 15th of October until 6pm New Years Eve 2011. Similar protests are already running in 190 cities in America, Canada, Britain and now Australia with further protests planned for other Australian cities.
One of several facebook pages dedicated to the Occupy Sydney demonstration lists the group’s mission statement as follows: (More From Yahoo!7 Finance: The Faces of Occupy Wall Street)
“To follow in the footsteps of the revolutionary people in New York City and establish a permanent and peaceful occupation of Martin Place in line with global occupations. To put an end to the destruction of our land and the poisoning of our ground and drinking water for the good of foreign economies. To put the lower, middle and working classes on the same equal footing as the mega wealthy.”
The Occupy Sydney protest comes as police in New York City prepare to clean out protestors from lower Manhattan following weeks of protesting. During this time, police have arrested more than a thousand people as the movement looks to be gaining traction amongst the general American population.
Meanwhile, American investor Warren Buffet has continued to defend his proposal to increase taxes on the super rich. (More From Yahoo!7 Finance: The Richest People In America)
Buffett reportedly sent a letter to a Republican congressman disclosing that he earned almost $63 million last year, yet paid less than $7 million in federal income tax.
“To exclude a few of the super-rich who can contribute US$20 billion extra is a terrible, terrible mistake,” Buffet said.
The Berkshire Hathaway Chairman has continued to defend his proposal to increase taxes on the super-rich – the so-called “Buffett Rule” – joking that he always “dreamed of having a tax named after me.” (More From Yahoo!7 Finance: Outrageous CEO Apending Abuses And Perks)
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