About Me

Durham, North Carolina, United States
I've always been an idealist, bothered that our world doesn't function as it should. Now I've learned -- to some extent -- to start with the world as it is, while still trying to encourage the world to become that ideal world.

Monday, December 5, 2011

For The 99% -- An Action Proposal

So far the Occupy movement has wisely chosen to simply express its dissatisfaction with the present system, without prematurely rushing into any concrete action. Here's a proposal for several individual or small-group actions which might be first steps toward changing the system.

Picketing:
1) Identify any corporate offices in your community where CEOs who are paid more than a million dollars have their offices. Picket entrances where these officers (and others) enter and exit. Picket especially during hours when CEOs and others are entering and leaving -- say 7 to 9 in the morning, 11-2 midday, and 4-7 in the evening. Do not interrupt, do not block traffic, do not confront, but do carry signs. Remember to notify the press.
2) Don't bother lower-level (retail) stores and offices. These are of course staffed by fellow 99%ers.

Legislative:
1) Either individually or as a member of a small local group (neighbors, co-workers, whatever), announce that you will support only candidates (for local, state, or national office) who promise to support legislation to tax the wealthy. Tell the press.
2) Propose to any club or organization you belong to that they adopt a similar policy.
3) Consider opposing candidates who are themselves multi-millionaires.

Corporate:
1) Identify corporations that pay executives more than a million dollars a year.
2) Buy one or two shares of one or more of these.
3) Attend annual stockholder meetings of these corporations.
4) Introduce a motion to limit total compensation (salary, deferred compensation, stock options, other percs, etc.) to $1-million per year. Tell the press your plans in advance.
5) If you are employed, you may be contributing to a pension plan. Check with your pernsion plan to determine where it invests its money (your money!). If -- as is likely -- it invests in stock of large corporations, encourage your fellow employees to urge the pension fund to vote its shares to limit executive compensation (as in 4 above).
6) If your alma mater has an endowment fund -- as it surely does -- find where the money is invested. Encourage your school to vote its shares to pressure the corporations it invests in to adopt a policy of limiting executive compensation.
7) Look around for other organizations which invest their cash reserves in stock of corporations. Urge them to take similar action.
8) Urge that corporations restructure their cash-flow: after allowing for reasonable reserves (to cover growth, market downturns, etc.) and fair dividends to investors, additional cash should be distributed in a balance of the following ways: a) reduced retail prices for the company's products, b) increased wages for the lowest-paid employees, and 3) charitable contributions to good causes: education and scholarships, medical research and hospitals, the arts, etc.

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