Timothy Chen

To #OWS - List out your demands!

I understand the motivation between the Occupy Wall Street movement. I am all for it. However, I don’t think it is enough. To me it looks like a bunch of angry people , camping out and not knowing what they want. I’ve heard their message loud and clear. I understand their anger because it is the same as mine. I think the OWS people needs to list out their demands item by item so the US government has a checklist to go by. If people think our elected officers or the greedy bastards at Wall Street are going to come back with a plan to set the path straight, then we are smoking crack. It isn’t going to happen. They will give us these vague promises. They will tell us of the bogus theory of being “too big to fail”. They will continue to kick the can down the street; they did it in 2008 and they can do it again. Here are some broad demands off the top of my head:

1. Cap executive compensation at Wall Street

2. Make executives criminally liable for the decisions they make. Or have claw-back provisions where these execs have to return money back to the government personally if they don’t perform and where firms have to do so for a period of time

3. Impose a larger tax on institutions who don’t hold to their position on stocks on less than two years to encourage long term investments

I would read this post by Mark Cuban in blogmaverick and use that as a template for a demand list.  Otherwise we will see these greedy bankers flying off in their private jets looking down below at a bunch of OWS protests that have demanded nothing & mock us behind their backs.