Occupy Wall Street March to Swing by Home of News Corp. CEO Rupert Murdoch
A "Millionaires March" Tuesday is scheduled to visit the homes of five of the city's wealthiest residents to protest the December expiration of a tax on the Big Apple's richest individuals.
NEW YORK - Occupy Wall Street protesters are planning what is dubbed a "Millionaires March" Tuesday to visit Manhattan apartment buildings housing such millionaires as News Corp. chairman and CEO Rupert Murdoch, the Daily News reported.
The march is set to visit the homes of five of the city's wealthiest residents, such as Murdoch, JPMorgan Chase CEO Jamie Dimon and billionaire David Koch, according to the paper.
Protesters want to present the business moguls with oversize checks symbolizing their savings when New York State's two percent tax on millionaires expires in December, it said.
"Ninety-nine percent of the residents of New York are going to suffer from this tax giveaway so the 1 percent who already live in absolute luxury can put more money in their pockets," Doug Forand, one of the march organizers, told the Daily News.
Gov. Andrew Cuomo has opposed calls from fellow Democrats to renew the tax, which generates up to $5 billion per year in revenue, arguing that it could drive rich residents away.