'Occupy' to march in on millionaires
Occupy Wall Street demonstrators will march to the homes of JP Morgan Chase's CEO, News Corp CEO Rupert Murdoch and a hedge fund honchoOccupy Wall Street demonstrators will march to the homes of JP Morgan Chase's CEO, News Corp CEO Rupert Murdoch and a hedge fund honcho
Occupy Wall Street activists promised to march on the homes of five New York billionaires to decry the planned expiration of a state millionaires' tax.
Moving uptown: Rapper Kanye West visits Occupy Wall Street demonstrators
at Zuccotti Park yesterday.
Another protester dressed up in the American flag gets ready to protest
in front of the house of News Corporation Chief Executive Officer Rupert
Murdoch, JP Morgan Chase CEO Jamie Dimon and conservative billionaire
A woman dressed up as Lady Justice takes part in the protests decrying
the planned expiration of a state millionaires' tax. pics/afp
They planned an afternoon march to the exclusive homes of News Corporation Chief Executive Officer Rupert Murdoch, JP Morgan Chase CEO Jamie Dimon, conservative billionaire David Koch, financier Howard Milstein and hedge fund mogul John Paulson, march organisers said.
The marchers planned to present oversize checks at each location to dramatise how much less the billionaires will pay when New York state's 2 per cent tax on millionaires expires on December 31.
"While everyone else is struggling and being asked to make sacrifices to get through the economic downturn, these folks are actually being given more money to line their pockets," said Occupy spokesman Doug Foran. "They live in luxury -- these folks don't need a tax break."
The demonstrations, which began September 17, have spread to 150 US and European cities.
Protesters in Boston and Atlanta feared mass arrests after police in both cities threatened mass arrests if occupiers didn't vacate city parks.
Atlanta organisers planned to march to the Bank of America.
The Occupy protesters say they are demonstrating against the richest 1 per cent of the population, who hold 35.6 percent of the country's wealth, and say that Wall Street greed has contributed to the global economic crisis.
Their demands include wanting limits imposed on corporate donations to political campaigns.
The 'millionaires' march in New York is part of a new series of daily demonstrations leading up to Saturday, dubbed Global Revolution Day, when protesters across countries are calling for actions around the world.
As the protest on Wall Street enters its fourth week, the cost of constant police surveillance is rising. The New York Police Department already has spent $1.9 million, mostly in overtime pay, to patrol the area near Zuccotti Park where protesters have camped out for weeks.
The number of cities where the Occupy protests have spread in US and Europe