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November 2nd, 2011 3:34 pm EST - By

What is the 53% Movement?




You've almost certainly heard of the "We are the 99%"/Occupy Wall Street movement that has quickly spread throughout the world.

According to their unofficial website, the "We are the 99%"/Occupy Wall Street movement is "fighting back against the corrosive power of major banks and multinational companies over the democratic process, and the role of Wall Street in creating an economic collapse that has caused the greatest recession in generations". The movement "aims to expose how the richest 1% of people are writing the rules of an unfair global economy that is foreclosing on our future."

Source: Occupy Wall Street

The 1% refers to the top 1% of income earners in the world, while the 99% refers to everyone else.

We are the 53% - Movement sloganA new movement has sprung up over the past few weeks or so - the "We are the 53%" movement.

First off - where did the 53% in the "We are the 53% movement" come from?

According to the Tax Policy Center (link here), 53% of US households pay federal income tax, while 47% of households pay no federal income tax.

The "53 Percenters" argue that they are giving to the system, while others are simply taking.

The majority of the "53 Percenters" say that they became successful in life thanks to hard work and sacrifice, and that others should try doing the same thing. A popular refrain from the 53 Percenters - instead of occupying Wall Street, occupy a job instead.

Source: We are the 53%

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