There is going to be a demonstration and concert in NYC on April 15 at 11:00 am at Union Square. http://itsoureconomy.us/...
There are 17 groups sponsoring this action, among them US Uncut and Veterans for Peace. The focus will be on the inequalities in our economy. The action will include a picket of Bank of America.
Here are some of the demands of the demonstration:
Stop Foreclosures: The last two years saw record foreclosures with one out of seven houses in the U.S. behind in their mortgage payments. A total of 3.8 million foreclosure filings and actual bank repossessions topped 2.8 million in 2010, a 2% increase over 2009 and a 23% increase over 2008. This record is likely to be broken in 2011. The housing market is so bad that now there are reports of banks walking away from houses in foreclosure, leaving problems in communities.
Pay Fair Share of Taxes: Big banks are not paying taxes, while reaping tax payer bailouts. Bank of America did not pay any federal income taxes in 2010. The largest bank in America didn't pay federal income taxes in 2009 either. If Bank of America Paid their fair share of taxes, planned cuts of $1.7 billion in early childhoon education (Head Start & Title 1). Bank of America avoids paying taxes by using subsidiaries in offshore tax havens. To eliminate their taxes, they reinvest proceeds overseas, instead of bringing the dollars home, thereby undermining the U.S. economyand avoiding federal taxes. Big Finance, like Bank of America, contributes to record deficits that are resulting in massive cuts to basic services in federal and state governments.
Break Up the Big Corporate Banks: If banks are “too big to fail” then they are too big. They dominate the economy. Ten huge banks now control 60% of the economy. They ensure concentration of capital Because of the federal government’s protection of the big banks, small and moderate sized banks cannot compete. Failure to break up big corporate banks ensures their dominance of the economy and the government.
Please support this event. And, join us in New York City on April 15, 2011 at 11:00 in Union Square Park.