Change is not about one election, one rally, one leader, it is about a constant dedication to progress and a constant push in the right direction. Let’s be the people doing the right thing as outsiders and simultaneously push the insiders to do the right thing for the people.
Since the legendary investor receives most of his income from capital gains and dividends, Perry’s plan wipes out most of his already-low tax bill. Buffett reported $62,855,038 in income on last year’s tax return while receiving only $600,000 in compensationfrom Berkshire Hathaway and the Washington Post Co. (where he is a director). If, aside from that $600,000, all of his other income is from capital gains and dividends, Buffett’s effective federal income tax rate under the Perry plan would be a microscopic 0.2 percent. Buffett’s tax bill would be slashed from the $6.9 million he actually paid in 2010 to $120,000. (Even if Buffett had two-thirds of his income in the form of capital gains and dividends, the average for the richest 400 people in the country, he’d get a $2.7 million tax cut and pay a 6.8 percent effective rate.) [read more]
Twophotos posted on Twitter claim to show rubber buckshot rounds found during last night’s action, contradicting Oakland PD’s claim that no rubber bullets were used.
Officials say two police officers were injured after being splattered with paint. The number of injured civilians was not available, but at least one protester — a veteran — was wounded by either a rubber bullet or a bean bag round (video below).
102 people in all were arrested according to Jordan, the majority of whom are expected to be released today.
Though The Oakland Tribune says the scene is now quiet, Occupy Oakland has issued a call to its supporters via Twitter, asking people to come back to the plaza tonight at 6PM (local time) “for round three.”
A similar eviction took place in Atlanta, where police cleared the local Occupation’s base of operations at Woodruff Park. 52 people were arrested, and the park was shut down. Atlanta Police released a statement announcing that anyone entering the park was subject to arrest.