New Yorkers Rage Against the Cuts

Inter Press Service, TruthOut by Kanya D'Almeida | Mar. 25, 2011 (News Report)

In the shadow of towering colonial-style office buildings of the world's most powerful financial district, a crowd over 5,000-strong amassed outside Manhattan's City Hall Thursday, chanting "The people united will never be defeated!" As the contagious effects of democratic uprisings radiate from North Africa to North America, New York City's exploited workers and students are not about to let the opportunity for mass struggle pass them by. Full Story »

Posted by Dwight Rousu - via NewsRack (U.S.), NewsRack (Poverty)

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Katie Boswell
3.8
 by Katie Boswell - Mar. 28, 2011

An unapologetically one-sided story that takes the perspective of the protesters and complements it with well-sourced supporting material. The article would have been strengthened by including the opinion of Governor Cuomo for the sake of balance, and by links to the reports and studies cited. Nonetheless, this article highlights important facts that speak for themselves in showing the unfairness of the proposed cuts in the context of the broader budget.

According to the Department of Economics at the University of Berkley, California, New York State rebates 15 billion dollars annually in stock transfer taxes to Wall Street. This potential revenue to the state is lost in the hands of the richest one percent of New York’s population, whose income share is currently 44 percent of total New York State income.

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