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Benjamin Goldman
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I'm currently a JD candidate at Harvard Law School. Before HLS, I spent three years as a strategy and analytics consultant specializing in the Financial Markets and Wealth Management sectors. I received a BS in Finance from Wake Forest University graduating Phi Beta Kappa, Beta Gamma Sigma,... More
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  • Occupy Chicago's Proposed Demands 0 comments
    Oct 10, 2011 2:30 PM

    These are 12 proposed demands by Occupy Chicago. I'm personally for 2, the first 2 parts of 5 and the first 2 parts of 6, but against everything else. If these protesters get their way, it could crush the economy.

    1.PASS HR 1489 REINSTATING GLASS-STEAGALL. – A depression era safeguard that separated the commercial lending and investment banking portions of banks. Its repeal in 1999 is considered the major cause of the global financial meltdown of 2008-2009.

    2. REPEAL BUSH TAX CUTS FOR THE WEALTHY

    3. FULLY INVESTIGATE AND PROSECUTE THE WALL STREET CRIMINALS who clearly broke the law and helped cause the 2008 financial crisis.

    4.OVERTURN CITIZENS UNITED v. US. – A 2010 Supreme Court Decision which ruled that money is speech. Corporations, as legal persons, are now allowed to contribute unlimited amounts of money to campaigns in the exercise of free “speech.”

    5. PASS THE BUFFET RULE ON FAIR TAXATION, CLOSE CORPORATE TAX LOOPHOLES, PROHIBIT HIDING FUNDS OFFSHORE.

    6. GIVE THE SEC STRICTER REGULATORY POWER, STRENGTHEN THE CONSUMER PROTECTION BUREAU, AND PROVIDE ASSISTANCE FOR OWNERS OF FORECLOSED MORTGAGES WHO WERE VICTIMS OF PREDATORY LENDING.

    7.TAKE STEPS TO LIMIT THE INFLUENCE OF LOBBYISTS AND ELIMINATE THE PRACTICE OF LOBBYISTS WRITING LEGISLATION.

    8. ELIMINATE RIGHT OF FORMER GOVERNMENT REGULATORS TO WORK FOR CORPORATIONS OR INDUSTRIES THEY ONCE REGULATED.

    9. ELIMINATE CORPORATE PERSONHOOD.

    10. INSIST THE FEC STAND UP FOR THE PUBLIC INTEREST IN REGULATING PRIVATE USE OF PUBLIC AIRWAVES to help ensure that political candidates ARE GIVEN EQUAL TIME for free at reasonable intervals during campaign season.

    11. REFORM CAMPAIGN FINANCE WITH THE PASSAGE OF THE FAIR ELECTIONS NOW ACT (S.750, H.R. 1404).

    12. FORGIVE STUDENT DEBT – The same institutions that gave almost $2T in bailouts and then extended $16T of loans at little to no interest for banks can surely afford to forgive the $946B of student debt currently held. Not only does this favor the 99% over the 1%, it has the practical effect of more citizens spending money on actual goods, not paying down interest.

    Themes: macro view, economy
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