Wall Street Protesters And Their List Of Grievances: Theatre Of The Absurd

The so-called Wall Street Protesters have posted a list of grievances, ostensibly to codify all the things they’re against, and if, heaven help you, you take the time to actually read that list — grammatical errors and all — I predict you’ll no longer be in any doubt that these people are truly Anarchists For Big Government.

Here’s an example, taken from their website:

Demand one: Restoration of the living wage. This demand can only be met by ending “Freetrade” by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages. Another policy that must be instituted is raise the minimum wage to twenty dollars an hr.

Why not just make the minimum wage $50.00 an hour? Or $100.00? Money, after all, doesn’t actually need to be produced. Businesses just have it. Therefore, businesses can pay any amount demanded. Also, as Ryan Young of OpenMarket.org articulately explains:

Take as true that importing goods across international borders kills jobs. Well, as a matter of logic, importing goods across state borders is no different. Oregonians should be forbidden from importing goods from Californians. Inter-city free trade has the same harmful effects. Consistency demands banning that, too. Even inter-household trade kills jobs under this line of thought.

And of course, one of the main things these protesters are against is “corporations” — this despite the fact that they don’t have any good idea of what a corporation really is.

As I wrote in Leave Us Alone:

Any business, no matter its size, can become incorporated.
Incorporated simply means that businesses draw up contracts, known as the Articles of Incorporation, which contain information about intended activities of the upstart business and also the intended financing. The state then issues a certificate of incorporation, at which point the certificate becomes an enforceable contract….

The present-day model of the American corporation began right after the Civil War, with the development of the trust movement. The trust movement was against the existing laws, imposed by the state, which made the formation of corporations extremely costly and difficult. It took a special act of legislation to deregulate, so that following the Civil War, this new legislative act made it possible for private corporations to combine with one another, via stockholders, turning their shares to “trustees.” This is all private, contractual, and voluntary.

Under the trust arrangement, stockholders of separate corporations can and will turn their shares over to trustees, who then have the power to vote the shares and run the incorporated business. By assembling the shares into the hands of the same trust, it’s possible and perfectly legitimate to run the corporation as a single unit.

The protesters have said (and I quote): “We’re tired of Big Money dictating what [government] programs get funded.”

Really? Is Big Money, then, funding over two-thirds of the federal budget that’s spent on social security, medicare/medicaid, unemployment checks, welfare, food stamps, public schools, and so much more (all of which, incidentally, dwarf national defense spending)?

The answer is no. We the taxpayers are funding these profligate and endless programs, which the Wall Street protesters are calling for more of.

Here’s another question I have: if corporations are so powerful and Machiavellian, why hasn’t corporate money stopped the above-mentioned federal spending — which spending, for the record, is what’s driving the crushing national deficit we’re all laboring under?

As Mark Levin sensibly asks:

• Who’s the biggest health insurer in the country?
• Who’s the biggest bank in the country?
• Who’s the biggest land-owner in the country?
• Who runs the biggest retirement plans in the country?
• And who alone has the force of law to force you to comply with their decisions?

Answer: the federal government.

Reader, make no mistake: the philosophical underpinnings of these protesters are socialistic to the gills.


  • Dave Cochrane

    October 10, 2011

    “Incorporated simply means that businesses draw up contracts, known as the Articles of Incorporation, which contain information about intended activities of the upstart business and also the intended financing. The state then issues a certificate of incorporation, at which point the certificate becomes an enforceable contract…”

    Genuinely ignorant question, Ray: so a corporation is a business that is licensed by the State to operate? A business that is in bed with Big Government? And if so: do corporations receive anything in return for being consensually shafted?

  • Catch Her in the Wry

    October 10, 2011

    I loved the picture. I’ve been saying the same thing since these demonstrations started. These people have no clue about business and economics. It’s time for Atlas to shrug and show them life without the innovators and producers.

    Incorporating is not always voluntary. Illinois passed a law a few years ago forcing my husband and all other sole proprietors in his occupation to incorporate their small business. He’s doing exactly what he did before, but now every year he gets to pay the State a $500 corporate fee, and he gets to file two income tax returns instead of one.

  • Jeff

    October 11, 2011

    Nice photo. How many Apple stores did they have to empty to get a crowd that size?

  • Ray

    October 11, 2011

    Private trusts and trustees would exist even in stateless societies, wherein businesses, including corporate businesses, could grow as large as the free-market would bear. Crony capitalism and the Licensing Law Monopoly have severely hampered the free-market, but they’ve not yet obliterated it.

  • Nick

    October 12, 2011

    That’s not a “list of grievances” from the Occupiers. It’s one guy’s list of demands. It’s says right there on the top of the page, “This is not an official list of demands.” How hard was that?

    Here’s more of a working list of their proposed demands.


    Now get to work telling them how dumb they are!

  • KJJ

    October 14, 2011

    I love the picture at the end when it says “join us afterwards at Starbucks”. Gave me a laugh.

    I can’t stand Corporations either but I understand I use everything they have to offer. If I could make it all and do it all myself I would but it isn’t easy.

  • KJJ

    October 14, 2011

    I know I’m going to get yelled at for this but the deficit started when douche bag Bush was in office. The war and all his bull crap put us way under and it will take a long time to get us out of it.

    Go ahead and yell.

    I know. I know, stop blaming Bush when Obama has been in office for 4 years. But it’s 8 years of garbage that needs fixed. No way Obama can fix it in 4 years or even 8 and I’m sure he hasn’t helped the deficit trying to get us out of it. It’s our punishment for letting a dumb ass have power for 8 years.

    (I’m ready, hit me )

  • Greg

    October 14, 2011


    You’ll find no Bush lovers here. There are more similarities between the last two presidents than differences.

    I highly recommend you buy a copy of Ray’s book “Leave Us Alone” and read the chapter on G. W. Bush. You’ll find the chapter on Ronald Reagan surprising as well.

  • KJJ

    October 15, 2011

    I was told to ask a question.

    Where do you think most of the deficit spending comes from?

    It isn’t from the mentioned above but for defense. We spend more on defense then anything else because we live in such a ‘scary world’.


    Encase that top doesn’t go through and show you the chart:


    Just a question. Thank you.

  • Ray

    October 15, 2011

    Hi KJJ. Sorry your comment got held up in moderation. Sometimes certain hyperlinks will trigger the SPAM catcher. But I always check that folder.

    Thanks for dropping by.

  • KJJ

    October 15, 2011

    No problem Ray. Thanks. I was kinda happy when it didn’t go through because that link is to 2010 not this year. You can erase if you like :-)

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