{"id":5415,"date":"2011-10-21T10:23:24","date_gmt":"2011-10-21T15:23:24","guid":{"rendered":"http:\/\/blog.uvm.edu\/aivakhiv\/?p=5415"},"modified":"2011-10-21T10:23:55","modified_gmt":"2011-10-21T15:23:55","slug":"for-the-separation-of-capital-state-5-demands","status":"publish","type":"post","link":"https:\/\/blog.uvm.edu\/aivakhiv\/2011\/10\/21\/for-the-separation-of-capital-state-5-demands\/","title":{"rendered":"For the Separation of Capital & State: 5 Demands"},"content":{"rendered":"

This list of demands is simple, yet demanding, as it should be. See below for explanatory notes.<\/em> Please share these demands widely.<\/em><\/p>\n

In recognition of the primary role played by oversized and deregulated financial institutions in causing the current economic crisis, WE DEMAND:<\/p>\n

1) That all persons who have served as directors or chief executives of large financial institutions in the previous 10 years, and all persons who have accepted over $500,000 in campaign donations from employees of such institutions in the same period, be disqualified from running for office in Congress, Senate, and the Presidency and Vice-Presidency of the United States of America.<\/p>\n

2) That all persons who have served as chief executives of large financial institutions and whose total earnings in any year over the previous 10 years were greater than $5 million be required to return one-quarter of these earnings into a national fund. Half of this fund will be used to repay the national debt, and half would be distributed fairly to persons who have lost employment and\/or housing in the 5 years preceding this date.<\/p>\n

3) That repealed provisions of the 1932 Glass-Steagall Act intended to separate financial banking from commercial banking be reinstituted.<\/p>\n

4) That special tax breaks for capital gains and stock dividends be abolished.<\/p>\n

5) That special tax breaks for corporations sending jobs and profits overseas be abolished.<\/p>\n

 <\/p>\n

Explanatory Notes<\/strong><\/p>\n

Throughout this document, “previous 10 years” and “5 years preceding this date” shall refer to the period preceding the signing of this declaration, except in (1) where it refers to the period preceding any given election.<\/p>\n

The term “large financial institutions” will refer to banking institutions primarily or broadly involved in financial and investment lending and\/or sales of speculative assets (such as derivatives), whose consolidated assets total more than $100 million. (See here<\/a> for a comparative list of bank size, and here<\/a> for a list of bank executive earnings for 2007.)<\/p>\n

On capital gains and related unfair tax breaks, see here<\/a> and here<\/a>.<\/p>\n

These demands are intended to be shared and broadly discussed. Other sets of demands can be found circulating online: for instance, here<\/a>, here<\/a>, and here<\/a>.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

This list of demands is simple, yet demanding, as it should be. See below for explanatory notes. Please share these demands widely. In recognition of the primary role played by oversized and deregulated financial institutions in causing the current economic crisis, WE DEMAND: 1) That all persons who have served as directors or chief executives […]<\/p>\n","protected":false},"author":99,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[691215],"tags":[25075,25076,25071],"class_list":["post-5415","post","type-post","status-publish","format-standard","hentry","category-politics_postpolitics","tag-banking","tag-finance","tag-occupy-wall-street"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4IC4a-1pl","jetpack-related-posts":[{"id":5366,"url":"https:\/\/blog.uvm.edu\/aivakhiv\/2011\/10\/05\/reforest-wall-street\/","url_meta":{"origin":5415,"position":0},"title":"Reforest Wall Street","author":"Adrian J Ivakhiv","date":"October 5, 2011","format":false,"excerpt":"While I've been too busy to follow the Wall Street occupation very closely, let alone participate in any but the most vicarious ways, I'm encouraged by the persistence of its participants. Isn't it time Americans started saying basta! to government of the lobbyists, by the politicians, and for the corporations?\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/blog.uvm.edu\/aivakhiv\/category\/politics_postpolitics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11239,"url":"https:\/\/blog.uvm.edu\/aivakhiv\/2020\/11\/12\/i-am-become-death\/","url_meta":{"origin":5415,"position":1},"title":"“I am become Death…”","author":"Adrian J Ivakhiv","date":"November 12, 2020","format":false,"excerpt":"Trump's parting electoral tantrum puts the exclamation mark on the fundamental flaw of democracy that his presidency has revealed: that a poorly informed electorate can willingly choose its own demise (even as it recites platitudes to the contrary). Two institutions are most implicated in this flaw: public education and the\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/blog.uvm.edu\/aivakhiv\/category\/politics_postpolitics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2020\/11\/otoole_1-120320.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2020\/11\/otoole_1-120320.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2020\/11\/otoole_1-120320.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2020\/11\/otoole_1-120320.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2020\/11\/otoole_1-120320.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2020\/11\/otoole_1-120320.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":10889,"url":"https:\/\/blog.uvm.edu\/aivakhiv\/2020\/07\/01\/diagnosing-trump-like-derangement-syndrome\/","url_meta":{"origin":5415,"position":2},"title":"Diagnosing Trump-like derangement syndrome","author":"Adrian J Ivakhiv","date":"July 1, 2020","format":false,"excerpt":"The Covid-19 situation in the United States, which has become the epicenter of new infections because of its flawed and chaotic response to the pandemic, is seen by some around the world as an emergency case of its own, requiring some sort of defensive response by countries that could become\u2026","rel":"","context":"In "Climate change"","block_context":{"text":"Climate change","link":"https:\/\/blog.uvm.edu\/aivakhiv\/category\/climate-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2020\/07\/2560.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2020\/07\/2560.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2020\/07\/2560.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2020\/07\/2560.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2020\/07\/2560.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":6422,"url":"https:\/\/blog.uvm.edu\/aivakhiv\/2013\/01\/16\/the-state-of-academic-publishing-rip-aaron-swartz\/","url_meta":{"origin":5415,"position":3},"title":"The state of academic publishing (RIP, Aaron Swartz)","author":"Adrian J Ivakhiv","date":"January 16, 2013","format":false,"excerpt":"A few days after Aaron Swartz's suicide -- in part triggered by the prospect of a 35-year prison sentence for making a big stash of scholarly journal articles available to the public for free (!) -- it is appropriate to think about what is wrong with the state of academic\u2026","rel":"","context":"In "Academe"","block_context":{"text":"Academe","link":"https:\/\/blog.uvm.edu\/aivakhiv\/category\/academe\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2021\/11\/Aaron-Swartz-Doc.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2021\/11\/Aaron-Swartz-Doc.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2021\/11\/Aaron-Swartz-Doc.jpeg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13767,"url":"https:\/\/blog.uvm.edu\/aivakhiv\/2024\/10\/15\/the-hurricane-conspiracy-complex\/","url_meta":{"origin":5415,"position":4},"title":"The hurricane conspiracy complex","author":"Adrian J Ivakhiv","date":"October 15, 2024","format":false,"excerpt":"The big question around these back-to-back hurricanes in the southeast U.S. is not why they are happening (that\u2019s easy enough to answer), but why so many people find it easier to believe they were artificially generated by the U.S. government, the \u201cdeep state,\u201d FEMA, industry, or some euphemistic \u201cthey\u201d (and\u2026","rel":"","context":"In "Climate change"","block_context":{"text":"Climate change","link":"https:\/\/blog.uvm.edu\/aivakhiv\/category\/climate-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/blog.uvm.edu\/aivakhiv\/files\/2024\/10\/image.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":2908,"url":"https:\/\/blog.uvm.edu\/aivakhiv\/2011\/03\/15\/observations-politics-media-empathy\/","url_meta":{"origin":5415,"position":5},"title":"Observations: politics – media – empathy","author":"Adrian J Ivakhiv","date":"March 15, 2011","format":false,"excerpt":"A few observations from the events of the last week or so: (1) Tsunamis happen. When they do, in a globally media-connected world, they bring us all a little closer together. (Not all of us; those who don't wish to be brought closer may drift further apart. 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