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Wall Street Protesters Plan 'Millionaires March'

October 11, 2011
Occupy Wall Street protesters are heading uptown Tuesday to get in the face of some of New York's richest tycoons. A "Millionaires March" will visit the homes - or, more realistically, the gleaming marble lobbies - of 5 of the city's wealthiest residents, including News Corp. CEO Rupert Murdoch, JPMorgan Chase CEO Jamie Dimon and conservative billionaire David Koch. Marchers want to present the moguls with oversize checks to dramatize how much less they will pay when New York State's 2% tax on millionaires expires in December. "Ninety-nine percent of the residents of New York are going to suffer from this tax giveaway so the 1% who already live in absolute luxury can put more money in their pockets," said Doug Forand, one of the march organizers. "This is fiscally, economically and morally wrong." Gov. Cuomo staunchly opposes calls from his fellow Democrats to renew the tax, which generates up to $5bn per year in much-needed revenue. He says he fears the rich will move away. Mayor Bloomberg, one New York billionaire who was not on the list for a home visit, said the protesters can camp out in Zuccotti Park indefinitely - or until rain and snow drive them out. Protesters have countered that the mayor is simply underestimating them.  [C-I Note: Might the Mayor's actions be affected by a "conflict of interest?"  See today's related C-I story in Behind the News.] Yesterday, four people were arrested at the park - 2 for disorderly conduct, one woman who "damaged" the sidewalk with pink chalk, and a man who was accused of groping people and turned out to have an outstanding warrant.  [NY Daily News, 10/11/11]