America and the world owe a great debt to Occupy Wall Street for making the problem of economic inequality impossible to ignore. The tiny spark that began in Zuccotti Park just six weeks ago has triggered a major shift in the national dialogue on inequality, our economy and our democracy.
Now it's time to begin a conversation about solutions -- solutions big enough to fit the scale of the problems that Occupy Wall Street has highlighted. Fortunately, the American Dream Movement spent this last summer taking on this very challenge. We are a vast, growing network of progressive organizations and individuals. We are fighting to renew the American Dream and return our country to the principle of liberty and justice, for ALL (not for some).
We launched in June 2011, with the support of more than 70 national organizations, including MoveOn.org, Planned Parenthood, Center for Community Change, Campaign for America's Future, SEIU and AFL-CIO. Since then, more than half a million people have joined our ranks and become members on www.RebuildtheDream.com. We now have membership in every congressional district of the country.
In July, the American Dream Movement created an inclusive process to forge a jobs agenda that would put the country back to work without hurting essential programs like Medicare and Medicaid. More than 131,000 people got involved, both online and in person (NOTE: That is nearly three times the number of people who helped craft the Tea Party's famous"Contract from America.") Participants generated more than 20,000 ideas, then rated and ranked them to identify the best ones.
The outcome was our 10-point program: the Contract for the American Dream.
The common sense remedies in the Contract are based on the fundamental idea that a functioning U.S. economy requires opportunity for all and responsibility from all. Here are the ten items:
I. Invest in America's Infrastructure - Rebuild our crumbling bridges, dams, levees, ports, water and sewer lines, railways, roads, and public transit. Invest in high-speed Internet and a modern, energy-saving electric grid. These investments will create good jobs and rebuild America.
II. Create 21st Century Energy Jobs - Invest in American businesses that can power our country with innovative technologies like wind turbines, solar panels, geothermal systems, hybrid and electric cars, and next-generation batteries. And put Americans to work making our homes and buildings energy efficient. We can create good, green jobs in America, address the climate crisis, and build the clean energy economy.
III. Invest in Public Education - Provide universal access to early childhood education, make school funding equitable, invest in high-quality teachers, and build safe, well-equipped school buildings for our students. This is critical for our future and can create badly needed jobs now.
IV. Offer Medicare for All - Expand Medicare so it's available to all Americans, and reform it to provide even more cost-effective, quality care. The Affordable Care Act is a start, but it's not enough. We can save trillions of dollars by joining every other industrialized country -- paying much less for health care while getting the same or better results.
V. Make Work Pay - Grant all Americans the right to fair minimum and living wages, to organize and collectively bargain, to enjoy equal opportunity, and to earn equal pay for equal work. Corporate assaults on these rights must be outlawed.
VI. Secure Social Security - Keep Social Security sound, and strengthen the retirement, disability, and survivors' protections Americans earn through their hard work. Pay for it by removing the cap on the Social Security tax, so that upper-income people pay into Social Security on all they make, just like the rest of us.
VII. Return to Fairer Tax Rates - End, once and for all, the Bush-era tax giveaways for the rich, which the rest of us -- or our kids -- must pay eventually. Outlaw corporate tax havens and tax breaks for shipping jobs overseas. And with millionaires and billionaires taking a growing share of our country's wealth, let's add new tax brackets for those making more than $1 million annually.
VIII. End the Wars and Invest at Home - Bring home our troops. They've done everything asked of them, and it's time to bring them home to good jobs. We're sending $3 billion each week overseas that we should be investing to rebuild America.
IX. Tax Wall Street Speculation - Make Wall Street pay. A tiny fee of a twentieth of 1% on each Wall Street trade could raise tens of billions of dollars annually with little impact on actual investment. This would reduce speculation, "flash trading," and outrageous bankers' bonuses.
X. Strengthen Democracy - Hold clean, fair elections -- where no one's right to vote can be taken away, and where money doesn't buy you your own member of Congress. We must ban anonymous political influence, slam shut the lobbyists' revolving door in D.C., and publicly finance elections. Immigrants who want to join in our democracy deserve a clear path to citizenship. We must stop giving corporations the rights of people when it comes to our elections. And we must ensure our judiciary's respect for the Constitution.
Many elements of the Contract are already under consideration in various forms in Congress, even as we speak. The idea of taxing Wall Street speculation at this moment in history should be a no-brainer. Let's bring all ten points through the political system.
There's always a danger that even mass protest will not result in concrete policy change or real-life improvements for ordinary Americans. The challenge we face is critical: It is time to turn this unleashed energy into power.
We must go beyond changing the conversation on inequality to also changing the conditions under which millions of Americans are suffering economically. Let's use this pivotal moment in history to make America work for the 99%
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Corporations that give themselves big CEO raises and freezes wages on the employees, taking away the employee's benefits, and puts it's 1st priority on just amassing wealth is immoral.
Amassing all the money they can is a relatively recent thing. Of course there have always been the greedy, the immoral, the hypocrites, and the astonishingly self-righteous who cannot see themselves as others see them, but it seems to infected most of the rich.
the 1%) and debt-based fiat currency, and (2) fractional reserve and compound interest
banking. Good article. Let's get started! Taxing Wall Street speculation and reforming the
judiciary should be child's play after all of the above.
Income inequality is just a bozz word for socialism.
Yes, it's great for the 1%, isn't it.