Oakland, California: Citibank and other banks shut down by strikers, youth and families.
What a great, telling article about the pathologies of the upper class. The hysteria really is in full-swing. A few telling excerpts:
“Who do you think pays the taxes?” said one longtime money manager.
“Financial services are one of the last things we do in this country and do it well. Let’s embrace it.
“If you want to keep having jobs outsourced, keep attacking financial services. This is just disgruntled people.”
He added that he was disappointed that members of Congress from New York, especially Senator Charles E. Schumer and Senator Kirsten Gillibrand, had not come out swinging for an industry that donates heavily to their campaigns. “They need to understand who their constituency is,” he said.
Their constituency is the citizenry of the state of New York, fuckwad.
And it gets better:
Mr. Paulson offered a full-throated defense of the Street, even going so far as to defend the tiny sliver of top earners attacked by the Occupy Wall Street protesters… “The top 1 percent of New Yorkers pay over 40 percent of all income taxes, providing huge benefits to everyone in our city and state,” he said in a statement.
That’s great, because they make somewhere in the neighbourhood of 30%-40% of the income. This is what we call a tiny semblance of progressive taxation. The problem is — what is the tax rate your company pays? I’m sure Mr. “I’m a Saintly Job Creator, Look at All The Taxes I Pay Neener-Neener” Paulson wouldn’t be so quick to divulge that little statistic.
“Paulson & Company and its employees have paid hundreds of millions in New York City and New York State taxes in recent years and have created over 100 high-paying jobs in New York City since its formation.”
Wow, what a wonder of free-market capitalism. He was able to create a measly 100 jobs out of billions in income. And he thinks we should be thanking him for his totally sustainable and in no way absurd line of work.
“I don’t think we see ourselves as the target,” said Steve Bartlett, president of the Financial Services Roundtable, which represents the nation’s biggest banks and insurers in Washington. “I think they’re protesting about the economy.”
Well golly gee, Mr. Bartlett, they don’t call it “Occupy WALL STREET” for nothing.
Sheesh. Remember — this is what they are saying in private, which means they are supposedly putting their “intentional misrepresentations” aside and saying what they really think. And these people are apparently our “captains of industry,” the best and brightest that think they earned their top 1% status.