Sunday, October 23, 2011

'Occupy' protesters find allies in ranks of the wealthy

The “Occupy Wall Street” protesters — also known as the “99 percent” — have struck a chord with at least a few members of an unexpected audience: America’s rich and privileged.

United under the banner “We are the 1 percent: We stand with the 99 percent,” a band of entrepreneurs, trust fund babies, professionals and inheritors has taken to the web to share their abhorrence of corporate greed and support for tax code changes that would see them pay a higher share of their considerable wealth.

Among other things, they’re posting their stories on a Tumblr page created by Wealth for the Common Good and Resource Generation, two groups dedicated to working for "fair taxation and just wealth distribution."

Some are probably not actually in the top 1 percent wealthwise — calculated at earning a yearly salary of more than $506,000, according toThe Wall Street Journal— but all are certainly well off and supportive of reforms that would narrow the widening gap between America's elite and poorest citizens. more