What Is the Occupy Wall Street Group Protesting?1
Their movement began in Zuccotti Park in New York City’s Wall Street financial district on September 17, 2011. After their initial protest, occupy protests followed suit around the world. These people, who allegedly represent the 99% of the population, are standing up against economic inequality and corruption around the world.
The governments, in particular the U.S. government, now have to deal with this large, unhappy group of people demanding change. In fact, legal writer, Richard Allen Epstein, an advocate of the role of an eminent domain and partial taking attorney in the United States, and author of Private Property and the Power of Eminent Domain, also argues that the redistribution of wealth is a proper function of government.
As we witness the changes due to globalization and the richer getting richer, those that are able to speak up about it are doing it and making it loud and clear to the government that they want to see changes. The Occupy Wall Street movement’s goals include a more balanced distribution of income, more and better jobs, bank reform, and a reduction in the influence of corporations on politics.