THE OTHER ONE PERCENT

The Occupy movement has occupied a lot of media attention—particularly in Oakland where the other one percent continue to clash with police. Earlier this week, the other one percent managed to trash the lobby of Oakland City Hall and burn an American flag. That’s pretty productive considering they kept janitors working and reduced flag inventory, which hopefully will increase manufacturing activity and American jobs. Unless the flag was made in China.

Of course, the other one percent has a good reason to stir things up. They represent the 99 percent. But who are the 99 percent?

Catherine Rampell in The New York Times (Oct. 11, 2011) provides some income numbers to help sort the wealthy one percent from right-thinking Americans. To make the cut, a household needs an annual income of $506,553. That’s pocket change for Bill Gates, George Soros, Warren Buffet and your average sports and Hollywood star but still not bad. And no question, the top one percent has a lock on assets—about one-third of American wealth.

So who then are the 99 percent? Make $450,000 a year and you’re just a regular lunch-pail Joe or Jane. Pull in a quarter-million? You’ve got a gripe against the system. Barely top $100,000? There isn’t an American flag within a mile of your home that’s safe.

And who’s in the middle? Americans’ median income in 2010 stood at $49,445 (politicalcalculations.blogspot.com). Half of Americans earned more, half less. The bottom third? According to mybudget360.com, 35 percent of U.S. households earned $35,000 or less in 2009. Could be good if you’re single, bad if you head a family of five.

Bottom line: the 99 percent are a diverse group. Many are making quite a go of it. Many others are struggling, even living on the margins. This morning’s employment figures were encouraging: nonfarm payrolls jumped by 243,000 in January and the unemployment rate  dropped from 8.5 percent to 8.3 percent.

And what is Occupy Oakland telling us? When it focuses on the issues, a lot. This nation needs to take a long look at the pressures pushing the middle class down and keeping those at the low end from rising: inadequate job training, a Byzantine tax system, faulty regulation of the financial industry, outsized compensation packages for corporate CEOs (who when they’re fired often walk away with millions of stockholders’ dollars) and continually rising healthcare costs. Occupy has a gripe considering that Congress neglects solutions to these issues in favor of ideology and political posturing.

So I don‘t question that many Occupy Oakland followers want to make this nation better. But I do question why they allow themselves to be undercut by the clownish rhetoric and nasty behavior of the other one percent—the anarchists who’ve long taken over the movement. Just imagine what might happen this November if all those seeking responsible change left the streets, organized politically and occupied voting booths.

Responding is simple. Click on “comments” above then go to the bottom of the article.

Read the first 2-1/2 chapters of SLICK! at davidperlstein.com. To purchase a signed copy, email me at dhperl@yahoo.com. SLICK! also is now available at iUniverse.com, Amazon.com and bn.com.

3 Comments


  1. malana
    Feb 03, 2012

    David — This I think is your best post yet. I’m going to send it to all my friends! Brillant!


  2. Ron Laupheimer
    Feb 03, 2012

    Excellent article, David. I agree with your sentiments. Unfortunately, much of the Bay Area and nation are now tired about hearing re the occupy movement. Thus, when the media heavily reports incidents of police confrontations and destruction of property as it has done recently, most of the nation totally loses focus on the real goals of the movement–a fair shake for the majority of this country, not only the wealthy who control the nation’s assets, media and power. It really is a shame since the goals of the movement are in my opinion laudatory and really need a full, fair and continuous airing, particularly during this 2012 political season.

    Keep up the excellent writing. It is always great to read your Friday articles and have my political and Jewish thoughts broadened and challenged.


  3. Carolyn Power
    Feb 04, 2012

    I concur, this is perhaps your best yet. Further, voting is the greatest and least appreciated personal powers we have in this country.

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