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Protestors don't HATE Success: They Hate


THE MATRIX

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Whether $250,000 really constitutes "wealthy" in America is subject to debate but it's clear a majority of Americans support raising taxes on the wealthy. A new Bloomberg-Washington Post poll shows 68% of Americans, and a majority of self-described Republicans, support raising taxes on Americans making $250,000 a year or more.

On this point, at least, the majority is in synch with the Occupy Wall Street protesters; if the protesters agree on anything, it's that wealthy Americans should pay higher taxes.

But that is different that being anti-capitalism or wanting to punish success, says Forbes editor Randall Lane.

"A lot of the same people protesting are the same people burning a candle for Steve Jobs on Facebook," he says. "It's not about the money. There problem is the perception that Wall Street, and to a large degree it's correct, does not reward people who create jobs and make the world better."

Lane, author of The Zeroes, believes the Occupy Wall Street protests are a manifestation of the anger that's built up in the past decade, when most Americans saw their net worth stagnate while Wall Street amassed untold wealth.

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