Occupy Wall Street Costing Taxpayers Serious Dollars

By: James Ford Email
By: James Ford Email

NEW YORK, NY -- October 12, 2011 -

The Occupy Wall Street demonstration is ringing up a serious tab for taxpayers. New York City's police commissioner says the bill is now in the millions.

Commissioner Ray Kelly confirmed that the cost of police overtime to patrol Wall Street so far is two-million-dollars.

That's because most of the police are on overtime so they can also do regular shifts, some elsewhere. That ends up costing tax payers everyday more than 70-thousand dollars, 20 thousand more than the median yearly salary for a New Yorker.

Demonstrators agree there is no set end date for their protest, so count on spending more of your tax dollars and taxes from an unlikely source; Wall Street.

Yes that's right, Wall Street pays a noteworthy percentage of all New York taxes. 13 percent of state revenues and seven percent of city revenues come from Wall Street firms. In other words, for every 10 cops you see protecting the people protesting Wall Street profits, one cop is being paid for by Wall Street profits and by tax payers.

In addition plenty of people are choosing to spend their money to support these protesters.

New York's police commissioner says his officers must use overtime to patrol the protest, because the department has shrunk by six-thousand over the last four years.

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  • by Reagan Republican on Oct 12, 2011 at 10:37 PM
    Why don't the leaders in New York set up a job fair in the park? If someone has this much free time on their hands, then they need a job. The national debt is a major problem with the economy so the protestors should get a job to pay "their fair share" of Federal taxes.
  • by Anonymous Work Unit on Oct 12, 2011 at 06:03 PM
    To: Anonymous on Oct 12, 2011 at 03:28 PM Please don't tell me you really believe that. The fact of the matter is not all CEO's are created equal. Some produce and others don't. When Frank Shrontz was the CEO of Boeing his tenure was something to be proud of. He was a highly educated, intelligent man who steered the company through rough waters and ensured the 777 went into production - to name one of his many achievements. His salary, stocks and options in 1992 was around 3 million dollars. The company employees were treated well. He was involved and I liked him a lot. Compare that with the CEO's of these banks who went along with bad loans and then took billions in bail out money. And kept or tried to keep huge profits for themselves. No! They do not deserve big salaries. Inflation since 1992 is not enough to justify their inflated incomes! As for the question of why others should be paid millions for answering phones. I can guarantee you that the secretaries of CEO's have as much to do with a company's success as the CEO!
  • by Sammy on Oct 12, 2011 at 04:49 PM
    This is what happens when you smoke dope and skip class in high school.
  • by Anonymous on Oct 12, 2011 at 03:01 PM
    These Communists are openly smoking dope and having sex in the streets. Is it really a suprise they can't find a job?
  • by Bob Location: Jasper on Oct 12, 2011 at 02:49 PM
    Maybe NYC should require an individual permit for each protester at a cost of a few hundred dollars each to cover the costs of protecting them.
  • by Russ Location: Tally on Oct 12, 2011 at 01:44 PM
    There's not much point in trying to educate anyone that has already made up their mind about an issue... I am just me; an I am protesting because we in the U.S. are reaching a near "failed state" status as measured by any reasonable yardstick. Failed economy-too high unemployment-massive corporate malfeasance and criminality-undue influence by big money lobbyists-The FED as arbiter of our economic status-Tarp payouts-need I go on??? I will demonstrate to show my dissatisfaction with the "status quo"... What is you problem with that again????
    • reply
      by Jack on Oct 13, 2011 at 04:05 AM in reply to Russ
      You demonstrate to show your dissatisfaction with the 'status quo'? Fine. Direct your demonstrations at the US Congress. They are the problem.
  • by bail out on Oct 12, 2011 at 01:07 PM
    Wall Street cost Americans more than the protesters ever will so keep on protesting.
    • reply
      by Mr. Sarcasm on Oct 12, 2011 at 05:56 PM in reply to bail out
      You mean it wasn't Dodd, Frank, Clinton, Fannie and Freddie?
      • reply
        by Gerry on Oct 14, 2011 at 06:20 AM in reply to Mr. Sarcasm
        Barney Frank was in the minority party of the House from Jan 1995 until Jan 2007. How much power does Barney Frank have right now? That's how much power he had for those earlier 12 years. Did Fannie and Freddie create problems in Iceland, Ireland, Greece, Spain? Do Fannie and Freddie do business in Europe? Gramm Leach Bliley undid Glass Steagall, which prohibited investment banking and commercial banking at one place. Gramm, Leach, Bliley were Republicans. The measure passed while Clinton was Prez and Robert Rubin was Treasury Secretary. This is before Rubin went to to Citigroup and was paid $100 million for 10 years' work.
  • by Mary Location: Tallahassee on Oct 12, 2011 at 11:10 AM
    Reply to Tammy: It sounds like you share in the "redistribution of wealth" which is strictly a socialist/communist idea. Maybe you should check into who has helped start these marches. OH, and by the way are you people also protesting George Soros. I doubt that. He is a billionaire. I wonder if he pays his taxes.
    • reply
      by Gerry on Oct 14, 2011 at 01:23 AM in reply to Mary
      Mary is too funny. She has one idea: "socialistic/communistic redistribution of wealth." Her posts consist of a noun and a verb and "socialistic/communistic redistribution of wealth."
  • by Anonymous on Oct 12, 2011 at 10:52 AM
    That's hogwash spewed by the media. They pay much more than you and I.
    • reply
      by bail out on Oct 12, 2011 at 01:08 PM in reply to
      Exactly Wall Street paying the media off to get this bs out there in my opinion too.
  • by Glenn Location: Tallahassee on Oct 12, 2011 at 10:22 AM
    What was spent is a drop in the bucket compared to the billions stolen by Wall Street from Americans. Hey right-wingers who support Pam Bondi's lawsuit against Health Care, you don't mind spending tax money on lawsuits fighting Health Care. Why do you complain about money spent by the police for the Occupy Wall Street demonstrations? Hypocrites.
    • reply
      by mc on Oct 12, 2011 at 11:21 AM in reply to Glenn
      Afraid your free handouts will stop?
    • reply
      by Anonymous on Oct 12, 2011 at 12:24 PM in reply to Glenn
      The fedearal healthcare plan is a job killer. He puts too much burden on employers. Until the healthcare plan is repealed you won't see new hiring.
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