#OWS raises $450,000 without even trying

Occupy Wall Street Raises More Than $450,000
Nov. 1, 2011
By Lisa Chiu

The Occupy Wall Street movement didn’t set up to become a big fund-raising operation, but it has already spontaneously attracted $454,000 in cash from some 8,000 online donors and other supporters to finance the protest here in Zuccotti Park.

Many other contributors are providing food, clothes, blankets, and other items. So much has been flowing in that organizers have started to send money, goods, and financial advice to “Occupy” protesters in other cities.

On Friday night, as the temperatures dropped just ahead of a big snowstorm, members of Occupy Wall Street’s finance committee announced to hundreds of people the total donated in the first month of the protest, which started in mid-September.

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1 reply on “#OWS raises $450,000 without even trying”

To awensr Texas Terry about having “wealth” to travel extensively in my retirement, it is not my wealth. It is my inheritance from my parents who salted away 1/3 of a million dollars in bank certificates of deposit (CD’s). I have no offspring to leave money to or needy family members, plus way more than enough life insurance pay for my cremation. Dad was a blue-collar truck driving teamster for most of his life while my mother was a UNION seamstress in a clothing factory so both earned fair wages plus had fine union health insurance for the whole family. After high school graduation in 1932, they got married and settled on a farm they rented. Dad could only afford an older team of work horses to work the fields. However, before he was able to put in his first crops, the horses broke down a wood barrier in the barn, entered an oats bin and ate themselves to death while my parents were at church one Sunday. My maternal grandfather lost most of his money when his bank failed and my paternal grandparents had their farm saved by FDR’s Farm Relief Bill of 1933. So with no help from parents, and now destitute, my dad forsake farming to go to work “in town” as a butcher in a small market, then began driving a huckster truck for his employer. It was a converted school bus laden with groceries and a few notions like thread, yarn, etc. which Dad would drive around the Indiana countryside in essence taking the grocery store to the farmers. The truck even had a small coal stove to keep everyone warm in winter! Then my dad got a job delivering cookies and crackers for Sawyer Biscuit Co. of Chicago, then later a better paying job delivering gasoline for Socony-Vacuum (now Exxon-Mobil). Since my parents didn’t trust Wall Street, they put aside into savings as much as they could every week over the next 45 years. They never borrowed much and when they did, like a 30 year mortgage on their new home in 1955, they paid it off with double payments in only 15 years. It helped that we three kids were able to attend college mostly on scholarships and grants. Even living on a strict budget, my parents always made sure they had enough to give to their church and favorite charities. They were frugal but not “tightwads”. Mother most often put things on department store “lay-away” that she wanted and could wait a few months to pick up. She sewed clothes for herself and the rest of the family. We always had a big garden and Mother would can and later on started freezing many of our fruits and vegetables. When my parents got their one-and-only credit card in the early 70’s, they only charged what they could pay off at the end of the month as my Dad hated to pay interest. My Dad’s last new Cadillac was paid for in cash as Dad feared he would go first (he did at age 77) and didn’t want my mother to have a car payment (she lived to age 84). Our modern society has a much different mindset…so many want it all and want it RIGHT NOW! Wall Street has helped to feed our debt by granting easy credit encouraging Americans to go in “over their heads” thus making their huge profits on fees and interest. Greed has taken over.

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