The Occupy Wall Street movement appears to be losing its steam due to evictions and bad weather, but their rallying cry of the 99 percent appears to have struck a nerve—at least with the media and some politicians—and will likely be a key theme of the 2012 election season. The central issue that these people are raising is fundamentally one of perceived fairness. In their view, the 1 percent is running away from their responsibility to society by refusing to contribute their “fair share” of tax revenues. Furthermore, the 1 percent should pay far more in taxes than they already pay given their success in life.
But do these arguments hold up?
(via Does The Occupy Wall Street Movement Have A Point?)