Finally More than 500 arrested in Wall Street protest makes it to the lame stream media.

400 ‘Occupy Wall Street’ protesters arrested on Brooklyn Bridge shows how Raw Story covered this.

Protesters claimed that New York police officers had purposefully led them onto the bridge roadway so that they could arrest them en masse.

Robert Reich has written the post, The American Jobs Depression, And How to Get Out of It.  After explaining why any economic stimulus to prime the economic pump won’t be lasting until we have some structural changes, he goes on to explain what those changes are.

Any long-term strategy for rescuing the American economy must therefore seek to reverse the widening gap in income and wealth. One place to start is tax reform. The earned income tax credit – a wage subsidy for lower-income workers – should be enlarged and expanded. Taxes on the middle class should be reduced – including social security payroll taxes (80% of Americans pay more in payroll taxes than they do in income taxes).

Taxes on the wealthy, on the other hand, should be increased. The president has proposed closing some tax loopholes that allow the super-rich to reduce their tax liability, and to end the tax cut on the rich put in place by George W Bush in 2001 (thereby increasing the top marginal tax rate to what it was under Bill Clinton – 39%).

But the nation should go much further, particularly in light of the large budget deficit projected several years from now. We need more tax brackets at the top, with higher marginal rates. The capital-gains tax (now at 15%) should be raised to match the income tax rate. And a wealth surtax of 2% should be applied to all wealth in excess of $7 million.

I left a comment on his post:

You are now catching up to where I was on August 26, 2010 (Time For A Wealth Tax?), when I blogged about the need for a wealth tax. On July of this year, I reblogged (We Really Need a Wealth Tax) after reading your book,  Aftershock.

Other taxes we could consider in addition or as alternatives are taxes on unrealized capital gains. The IRS could just insist on a mark to market evaluation of your net worth and tax any increase on a yearly basis.

What about the zero taxes the wealthy pay on their government bond interest?

I am sure we can come up with enough ways to tax the wealthy that they might just accept a reasonable tax level to quiet down the restless natives.

You’ve heard this story a lot on this blog. Here is yet another attempt to explain this. Maybe this author and her graphics can make the point to the few who have not been convinced yet.

Watch full multipart Rich Getting Richer in Ontario

See the video of the debate at my later post, Warren shines in debate debut.

We plan to be at the debate on Tuesday night. See you there.

RichardH provided the link Democratic Senate candidates to debate Oct. 4 which describes the debate format.

For those unfamiliar with the location, below is a map:

RichardH tells me he called the UMass Lowell Police Department who recommended the Riverside Lot at the corner of Broadway St and Pawtucket St. I am having trouble remembering just where the hills are on Wilder St, so I think walking along Pawtucket St to Durgin Hall may be the best route. Certainly walking along the Merrimac River will be scenic. It’s been so long, I don’t know how the sidewalks are. The university has done a lot of building there since my days in Lowell.

Before RichardH’s call, I had noticed that there is parking in what is called the Wilder Lot. I don’t know if it will specifically be open for people attending the debate. When I drive 90 minutes to get there, I am assuming that this is where I will park. DYOD (better known as do your own due dilligance)