SoylentNews is people
SoylentNews
Former Texas Agriculture Commissioner, creator of the Doug Jones Average, and perennially witty guy Jim Hightower writes via The Union Democrat of Sonora, California:
If tiny groups of Wall Street bankers, billionaires, and their political puppets are allowed to write the rules that govern our economy and elections, guess what? Only bankers, billionaires, and puppets will profit from those rules.
[...] They've rigged the rules to let them feast freely on our jobs, devour our country's wealth, and impoverish the middle class.
"Take On Wall Street" is both the name and the feisty attitude of a nationwide campaign that a coalition of grassroots groups has launched to do just that: Take on Wall Street. The coalition, spearheaded by the Communication Workers of America, points out that there is nothing natural or sacred about today's money-grabbing financial complex. Far from sacrosanct, the system of finance that now rules over us has been designed by and for Wall Street speculators, money managers, and big bank flim flammers. So--big surprise--rather than serving our common good, the system is corrupt, routinely serving their uncommon greed at everyone else's expense.
[...] A growing grassroots coalition of churches, unions, civil rights groups, citizen activists, and many others are organizing and mobilizing us to crash through those closed doors, write our own rules, and reverse America's plunge into plutocracy. The "Take On" campaign has the guts and gumption to say enough!
[...] The campaign has laid out a five-point [sic] people's reform agenda and are now taking it to the countryside to rally the voices, anger, and grassroots power of workers, consumers, communities of color, Main Street, the poor, people of faith... and just plain folks.
- Getting the corrupting cash of corporations and the superrich out of our politics by repealing Citizens United and providing a public system for financing America's elections.
- Stopping "too big to fail" banks from subsidizing their high-risk speculative gambling with the deposits of us ordinary customers--make them choose to be a consumer bank or a casino, but not both.
- Institute a tiny "Robin Hood Tax" on Wall Street speculators to discourage their computerized gaming of the system, while also generating hundreds of billions of tax dollars to invest in America's real economy.
- Restore low-cost, convenient "postal banking" in our Post Offices to serve millions of Americans who're now at the mercy of predatory payday lenders and check-cashing chains.
There's an old truism about negotiating that says: "If you're not at the table, you're on the menu". The "Take On Wall Street" campaign intends to put you and me--the People--at the table for a change.
(Score: 1, Informative) by Anonymous Coward on Thursday September 01 2016, @06:11PM
The only reason I've ever heard of for someone being denied a bank account is that they overdrew a bank account and never paid back the money
Your life experience is very limited or your vision is very narrow (a very comfortable "Middle Class" existence?).
You don't seem to have ever encountered any poor people in your life and you've never been exposed to the concept of "minimum initial deposit".
-- OriginalOwner_ [soylentnews.org]
(Score: 2) by curunir_wolf on Saturday September 03 2016, @05:44AM
Actually, my "very limited" life experience includes living without a bank account for almost 2 years because I couldn't afford to pay the $153 in charges I owed to the bank. Back then it wasn't as much of a problem cashing a payroll check, but I did pay fees for it. Luckily my part-time job at K-mart paid cash.
Of course, I didn't grow up all entitled, I didn't blame my situation on someone else, and I didn't go crying about how unfair it was and begging government to do anything to help me, either.
I am a crackpot