Spurred by the imminent closure of the encampment in Boston’s Dewey Square we again debated Occupy Wall Street at coffee this morning. Some of my friends argue that the occupations have been essential to starting a national debate on the protesters’ message. My response–after making clear that I harbor no animosity towards the protests–, was that there is no unified message, other than that the economic system is unfair. And that’s not news. There’s certainly no agreement on the root of income inequality–protesters blame everything from Wall Street’s greed to capitalism’s essence. “We are the 99%” implies that the 99% have common economic social interests–a preposterous idea, as this Household Income Graph demonstrates:
“Where Do You Fall on the Income Curve” states “the difference in incomes between a household at the 98th percentile and the 99th percentile is $146,118 ($360,435 jumps up to $506,553).” Mind you, that’s the difference between just the 98th and 99th percentile of household income: “the difference in income between a household at the 50th percentile and a household at the 51st percentile is $1,237 ($42,327 versus $43,564).” “We are the 99%” is short, catchy, and sounds relevant, while being useless as a platform to actually do anything.