How Occupy Wall Street is like the Tea Party

[Matariki]

the original Tea Party.

http://thinkprogress.org/politics/2011/10/03/333925/top-5-reasons-why-the-occupy-wall-street-protests-embody-values-of-the-real-boston-tea-party/

1.) The Original Boston Tea Party Was A Civil Disobedience Action Against A Private Corporation. In 1773, agitators blocked the importation of tea by East India Trading Company ships across the country. In Boston harbor, a band of protesters led by Samuel Adams boarded the corporation’s ships and dumped the tea into the harbor. No East India Trading Company employees were harmed, but the destruction of the company’s tea is estimated to be worth up to $2 million in today’s money. The Occupy Wall Street protests have targeted big banks like Goldman Sachs, Bank of America, as well as multinational corporations like GE with sit-ins and peaceful rallies.

2.) The Original Boston Tea Party Feared That Corporate Greed Would Destroy America. As Professor Benjamin Carp has argued, colonists perceived the East India Trading Company as a “fearsome monopolistic company that was going to rob them blind and pave the way maybe for their enslavement.” A popular pamphlet called The Alarm agitated for a revolt against the East India Trading Company by warning that the British corporation would devastate America just as it had devastated South Asian colonies: “Their Conduct in Asia, for some Years past, has given simple Proof, how little they regard the Laws of Nations, the Rights, Liberties, or Lives of Men. <...> And these not being sufficient to glut their Avarice, they have, by the most unparalleled Barbarities, Extortions, and Monopolies, stripped the miserable Inhabitants of their Property, and reduced whole Provinces to Indigence and Ruin.”

3.) The Original Boston Tea Party Believed Government Necessary To Protect Against Corporate Excess. Smithsonian historian Barbara Smith has noted that Samuel Adams believed that oppression could occur when governments are too weak. As Adams explained in a Boston newspaper, government should exist “to protect the people and promote their prosperity.” Patriots behind the Tea Party revolt believed “rough economic equality was necessary to maintaining liberty,” says Smith. Occupy Wall Street protesters demand a country that invests in education, infrastructure, and jobs.

4.) The Original Boston Tea Party Was Sparked By A Corporate Tax Cut For A British Corporation. The Tea Act, a law by the British Parliament exempting tea imported by the East India Trading Company from taxes and allowing the corporation to directly ship its tea to the colonies for sale, is credited with setting off the Boston Tea Party. The law was perceived as an effort by the British to bailout the East India Trading Company by shutting off competition from American shippers. George R.T. Hewes, one of the patriots who boarded the East India Trading Company ships and dumped the tea, told a biographer that the East India Trading Company had twisted the laws so “it was no longer the small vessels of private merchants, who went to vend tea for their own account in the ports of the colonies, but, on the contrary, ships of an enormous burthen, that transported immense quantities of this commodity.” Occupy Wall Street demands the end of corporate tax loopholes as well as the enactment of higher taxes on billionaires and millionaires.

more here

[EstimatedProphet]

1. So in other words, not at all like the tea party.

[mmonk]

2. Right. They are the present day Tories.

[EFerrari]

4. Yep.

[Matariki]

3. ....

well, I liked it anyway....