This column by ACRU Policy Board Member and Professor of Economics Dr. Walter E. Williams was published May 2, 2012 on Townhall.com
President Barack Obama and Wall Street occupiers, along with their allies in the mainstream media and on college campuses, have maintained an ongoing attack on high-income earners, people they call 1 percenters. Listening to their deceitful demagoguery, you would naturally think of them as 99 percenters, but you'd be dead-wrong.
Last week, MSN Money posted a report titled "The richest counties in America." According to the report, residents of those 15 wealthiest counties "have median household incomes that are double the national average." Three of those counties have a median income of more than $100,000. The report goes on to say, "While many Americans struggle to find jobs, balance their budgets and get by with less, some folks are living high on the hog." Let's look at some of those counties.
Loudoun County, Va., has a median household income of $119,540, making it the nation's richest county. Virginia's Fairfax County is next, with a median household income of $103,010; the median price of a house is $507,800. Third is Howard County, Md., where the median household income is $101,771. These three richest counties have seven nearby high-income neighbors, which include Arlington and Montgomery counties. The nation's richest counties are close to Washington, D.C., where people come to do good and wind up doing well for themselves.
These 1 percenters are not wealthy right-wing Republicans; they are Obama's liberals. How can one tell? It turns out that seven of the 10 wealthiest counties in the Washington area voted overwhelmingly for Obama in 2008. These liberals portray themselves as 99 percenters when they are really 1 percenters. They're simply running a deceitful rope-a-dope, aided by the mainstream media, on the American people.
During last year's Occupy movement, truly seedy-looking characters camped out on the streets and in the parks of several of our cities, causing millions of dollars of property damage. They committed robberies, thefts and sex crimes. Some of their lowlife acts, such as defecating and urinating in public and on police vehicles, were filmed. These people also portrayed themselves as 99 percenters. It turns out that they weren't that at all.
Will Rahn, deputy editor for The Daily Caller, wrote an article titled "NYC arrest records: Many Occupy Wall Street protesters live in luxury" (Nov. 2, 2011). Nearly 1,000 protesters were arrested in New York between Sept. 18 and Oct. 15. Police collected information on each arrestee's name, age, sex, criminal charge, home address and -- in most cases -- race. The median value of the homes of the arrestees was $305,000 -- a far higher number than the $185,400 median value of owner-occupied homes of the rest of us. Ninety-five of the arrestees lived in homes valued at more than $500,000. Those who rented paid a median rent of $1,850 per month. Of the 984 protesters arrested, at least 797 are white. One Occupy Wall Street protester arrested -- presumably, if you listen to the mainstream media, penniless and from a blue-collar family -- lived in an $850,000 home in the nation's capital.
Recall that while on the campaign trail, Obama promised, "We will stand up in this election to bring about the change that won't just win an election but will transform America." Along with progressives, who formerly called themselves liberals, Obama wants to transform America into a European-like socialist nation. The Occupy protesters and their useful idiots in the media and on college campuses proudly display signs and banners revealing their preferences and affiliations, such as "Communist Party USA," "Democratic Socialists of America" and "Fight for Socialism." The American Nazi Party has issued an official endorsement of Occupy. The movement is also supported by White House leftist allies such as the Working Families Party, the Service Employees International Union -- as well as most other labor unions -- ACORN, the New Party and the Democratic National Committee.
During the forthcoming elections, we can be assured that these people will do all they can, including violent protests, to help Obama have an additional four years to continue his transformation of our nation.