Why Some Small Businesses Are Occupying Wall Street

Catch up with NBC News Clone on today's hot topic: Wbna45000759 - Breaking News | NBC News Clone. Our editorial team reformatted this story for clarity and speed.

Small business owners have long panned practices like bailing out giant companies and paying inordinate sums to Wall Street bankers. But now, they're doing something about it.

If you've written off Occupy Wall Street protestors as just a bunch of aimless, unemployed young people, you might want to reconsider.

Polls from various news outlets show that most Americans approve of the protests, which, at this point, have drawn in hundreds of thousands of supporters around the world and sparked encampments in cities across the country. And beyond young unemployed people in New York, many small-business owners aren't exactly thrilled with practices like bailouts for big companies and outsized Wall-Street paychecks, to name two major complaints.

Though some business owners have complained that the protestors have put a crimp in sales and damaged property, others are increasingly taking up the protestors' cause. Main Street Alliance, a small business advocacy group, has already weighed in with their support for the Occupation. Here are the comments of a few owners who're supporting Occupy movements in various cities, courtesy of the Alliance:

"Small businesses don't need more tax giveaways for the rich. We don't need more money spent on bank bailouts, subsidies for oil companies, corporate agribusiness and the wars. We need money reinvested in American infrastructure, education and people," says David Meinert, owner of Big Mario's Pizza & 5 Point Café in Seattle. Big Mario's donated over 100 slices of pizza to the protestors camping out in Seattle's Westlake Park, before outside donors picked up the torch. He now delivers two donated pizzas a day to protestors and offers discount prices to donors. He installed a donation button at the top of the pizza shop's website offering discount prices for Occupy supporters.

"The 1 percent's willingness to sacrifice our democracy for their own fortunes and power, to risk working people's retirements with risky investments, to exploit our natural resources for personal gain -- these are not sound business principles," he says. "Any small business that operated that way would be run out of town in a week."

Related: Wall Street Protest Hurts the 'Little Guys' Nearby

Similarly, in Falmouth, Maine, Melanie Collins has lent her support to local protestors. The owner of Melanie's Home Childcare calls supporting the protestors "basic math." "To create jobs, we need customers, but the richest 1 percent can't spend their exploding fortunes fast enough to keep the economy going for the other 99 percent, which includes virtually every small business."

Her suggestions to fix the economy? "Pass the American Jobs Act. Write down underwater mortgages. Regulate banks and big businesses to protect the 99 percent from our taxes being used for more bailouts, gambling, outrageous bonuses and lobbying against us. Tax big business -- make the wealthy and Wall Street pay their fair share to raise money for local job creation."

Related: Don't 'Occupy Wall Street,' Start a Small Business 

Kit Schackner adds that she would also like to see consequences for those responsible for the economic meltdown. "Those at the top of the financial chain who share direct responsibility for this recession have not been held accountable," says the owner of Foley-Waite Associates an architectural woodworking company in Bloomfield, N.J. "They have not suffered the losses they have visited on millions of small businesses across America. While Main Street struggles to cover costs, make payroll, and stay in business, Wall Street continues to bank record profits."

"Until small business owners see some accountability at the top, until we see that our pain is shared by those who created it -- the bankers and the CEOs -- we will stand in solidarity with Occupy Wall Street."

Leave a comment and tell us your position.

Photo: Lev Radin / Shutterstock

This article originally posted on Entrepreneur.com

×
AdBlock Detected!
Please disable it to support our content.

Related Articles

Donald Trump Presidency Updates - Politics and Government | NBC News Clone | Inflation Rates 2025 Analysis - Business and Economy | NBC News Clone | Latest Vaccine Developments - Health and Medicine | NBC News Clone | Ukraine Russia Conflict Updates - World News | NBC News Clone | Openai Chatgpt News - Technology and Innovation | NBC News Clone | 2024 Paris Games Highlights - Sports and Recreation | NBC News Clone | Extreme Weather Events - Weather and Climate | NBC News Clone | Hollywood Updates - Entertainment and Celebrity | NBC News Clone | Government Transparency - Investigations and Analysis | NBC News Clone | Community Stories - Local News and Communities | NBC News Clone