11 October 2011

Protesters Target NY's Richest in Millionaires March

Protesters Target NY's Richest in Millionaires March

Several hundred protesters staged a "Millionaires March" to the homes of wealthy New Yorkers on the Upper East Side, chanting "hey you, millionaire, pay your fair share!" to demonstrate against what they say is economic injustice.

The group met outside the Plaza Hotel and marched to Rupert Murdoch's home at Fifth Avenue and 64th Street.

They also marched to the home of businessman David Koch at 71st Street and Fifth Avenue. Koch is New York's richest man, with a wealth of $25 billion, according to Forbes magazine estimates.

A protest organizer said the tour is intended to "highlight the economic injustice of giving the wealthiest 1 percent a $5 billion tax windfall on Dec. 31 when the millionaire's income tax expires."

The state's highest income tax rate expires at the end of the year.

One of the protesters, Curt Barnes, carried a sign that said "we are the 99 percent," which is a frequent refrain at the Occupy Wall Street protests headquartered downtown.

"The problem is corporations are writing our laws. We're living in a banana republic," he said.

The march is set to end at 93rd Street and Park Avenue, where JP Morgan Chase CEO Jamie Dimon lives.

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