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Occupy L.A. plans march supporting financial tax

November 3, 2011 |  8:13 am

Occupy L.A. march Nov2 2011
Occupy protesters were planning multi-city demonstrations Thursday morning, including in Los Angeles, to urge the adoption of a sales tax on financial transactions.

The demonstrators will ask President Obama to push for a tax on the sale of stocks, bonds and derivatives -- which protesters believe could raise as much as $350 billion for healthcare, education and jobs programs.

The California Nurses Assn. is sponsoring the demonstration, along with other unions.

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Union members’ pensions and health benefits “did not deplete public treasuries or jeopardize the survival of our employers," the L.A. County Federation of Labor/AFL-CIO said in a statement.

The Los Angeles demonstrators planned to meet at 11 a.m. at 1st and Main streets for a march through the financial district to the U.S. Bank Tower on Fifth Street, organizers said.

Similar demonstrations were also planned for outside the U.S. Federal Reserve building in San Francisco; in Washington, D.C.; and at the G-20 summit in Cannes, France.


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-- Sam Quinones


Photo: A man photographs police officers with a mobile device Wednesday as Occupy L.A. protesters stand outside LAPD headquarters in solidarity with Occupy Oakland protesters. Credit: David McNew / Reuters.