Occupy Wall Street is a populist movement opposing economic inequality. The populist movement is headquartered in downtown Manhattan Park which was established two years ago. Last Tuesday, the group marked its second anniversary with a protest near the New York Stock Exchange. Occupy Wall Street also planned a march near the United Nations office.
According to organizers, the group had focused on a new objective in the events organized last Tuesday. The company focused on calling for a small tax on Wall Street financing transactions. The said tax was called "Robin Hood Tax" would impose a charge of 0.5% on Wall Street trades. The collected money would be earmarked for different funds and non-profit organizations. The money would then be distributed to healthcare institutions, schools and local governments according to Occupy organizers and proponents of the legistion.
Occupy organizer Andrew Smith said in reference to the Robin Hood tax laws, "This kind of tax stream has globally become a very accepted form of revenue generation."
During the rally last Tuesday, three people were arrested for wearing masks. The rally also drew a crowd of around 100 activists.
Join the Conversation