There are four major reasons to Occupy Wall Street.
1-Healthcare
2-Public Debt
3-Unemployment
4-Women’s rights
The rising cost of healthcare in this country is staggering and most of the costs that patients pay to hospitals are not for the actual care they are receiving. Administrative costs have gone up as mobile technology has entered the work place. These products may have minute prices, but the average price for a 3G connection on an iPhone is $65 per month.
The public debt is increasing. The national debt is above $15 trillion as of right now. The largest debt in this country are student loans. People have just been borrowing and borrowing money from the government at unreasonable interest rates and when the student goes bankrupt, the loans do not go away. Right now I have taken three separate loans from the federal government to help pay off my education. The lowest interest rate I am paying is around 6% for less than $5,000. The math behind it is not complex, depending on the amount of time it takes to pay off the loan the interest payments rise. For my loans it will be 6% of $5,000 added every year until I pay them off. That’s $300 per year after graduation.
The US Bureau of labor statistics say that unemployment has reached 7.8% nationally. That means in a country of more than 308 million people, there are 24 million people with out work. More social programs are being pushed into effect to try and counteract this recession but that skyrockets the national debt. Many people are angered that our economy has become primarily service based.
The whole Occupy Movement started in Canada when a group of LGBTQ members started protesting against big corporations and the idea that they did not get equal pay if they were female, gay, or lesbian versus straight males. Those who run Wall Street are predominantly straight males. Women and the LGBTQ have always stood for occupation of safe and equal spaces.
These are the most broad topics related to the Occupy Movement and are very loosely detailed. Please do more research if you want to know more.
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