A Small End To A Small Movement

Big ideas attract a big following. Small ideas usually don’t.

An estimated 450,000 residents of Communist-encircled West Berlin jammed the Rudolph Wilde Platz on June 26, 1963, to hear President John F. Kennedy declare his commitment to their struggle with the phrase, “Ich bin ein Berliner” (“I am a Berliner”).

Two months later, some 200,000 civil rights marchers packed themselves around the Reflecting Pool in front of the Lincoln Memorial as the Rev. Martin Luther King, Jr., spoke of his dream for an America of racial equality, one “that will give us upon demand the riches of freedom and the security of justice.”

Sen. Gaylord Nelson and a handful of other environmental visionaries organized the first Earth Day in 1970. They galvanized an environmental movement and conservation ethos that spread around the world and attracts millions of adherents today.

More recently, Jimmy Wales and Larry Sanger decided that the world needed a user-produced, volunteer-edited encyclopedia, and so Wikipedia was born. With a paid staff of just 95, it now claims to serve some 450 million individual users every month. (Being a regular user of Wikipedia, I am happy to support its sponsoring foundation financially, and I encourage others to do so too.)

These examples of meaningful mass action offer some perspective as we look back on the “Occupy” movement that, in all likelihood, has already begun a rapid retreat into obscurity.

Occupy was, literally, a pointless exercise. It was typically described as a protest, but against what? Among the candidates I heard mentioned were “Wall Street” (presumably meaning an industry rather than a film or a patch of pavement), income inequality, student debt and stunted job opportunities. There was almost no mention of what the protesters actually wanted.

Most great movements have been about building a freer and more just society for posterity. The Occupy movement was about the desire to get stuff now, beginning with patches of turf that already belonged to the public, but which the occupiers sought to take for themselves. There’s not much glory in that.

Once they were routed from their commandeered campsite at Zucotti Park, a handful of Occupy Wall Streeters took to the nearby subways to try to drum up attendance for a rally. They carried placards in Spanish declaring themselves “The Angry Ones.” That was both accurate and revealing. They were the angry ones, even though anger might more naturally have been the response of neighborhood residents and business people who put up with two months of noise, dirt, crowds and the takeover of a common space that rightly belonged to all.

Nobody ever needed to go through the subways trying to drum up crowds for Earth Day parades and civil rights marches.

Occupiers claimed to be challenging those they call “the 1 percent,” who allegedly control the wealth and power of the nation. But when push literally came to shove, the people they challenged were police officers, cabbies, delivery truck drivers, pushcart vendors and mailroom clerks, all of whom were just trying to do their jobs. Violence accompanied a protest blockade at the Port of Oakland, Calif. Did the protesters think they were going to find any billionaires among the longshoremen who were lifting containers of Asian merchandise off the ships docked there? Or did they think Wal-Mart shoppers ought not to have those goods on the shelves in time for the holiday season?

The Occupy “movement” was never more than a tiny fringe, hyped by breathless coverage of “hundreds” or “thousands” of demonstrators in a park or on a bridge. Tight camera shots and organized shouting can make a small crowd look imposing on a TV screen, as any Persian Gulf theocracy already knows. But in a city of 8 million, the Zucotti Park protesters at their peak could not have filled more than a couple of subway trains.

I would wager that far more people claimed to witness King’s speech in 1963, or to have participated in the courageous Freedom Rides of 1961, than were actually present at those events. I do not condone such self-aggrandizement, but I can at least understand it. We all want to be part of something important.

In years to come, will anyone claim to have been part of the Occupy movement who was not actually there? Except perhaps in hard-core leftist political circles, I doubt it. This brief gathering reflected neither worthy goals nor lofty principles. While the people they claimed to represent went about their daily business, the Occupiers stayed true to their label. Instead of “liberty” or “justice,” the watchword of this unimportant and short-lived movement was “mine.”

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About Larry M. Elkin 564 Articles

Affiliation: Palisades Hudson Financial Group

Larry M. Elkin, CPA, CFP®, has provided personal financial and tax counseling to a sophisticated client base since 1986. After six years with Arthur Andersen, where he was a senior manager for personal financial planning and family wealth planning, he founded his own firm in Hastings on Hudson, New York in 1992. That firm grew steadily and became the Palisades Hudson organization, which moved to Scarsdale, New York in 2002. The firm expanded to Fort Lauderdale, Florida, in 2005, and to Atlanta, Georgia, in 2008.

Larry received his B.A. in journalism from the University of Montana in 1978, and his M.B.A. in accounting from New York University in 1986. Larry was a reporter and editor for The Associated Press from 1978 to 1986. He covered government, business and legal affairs for the wire service, with assignments in Helena, Montana; Albany, New York; Washington, D.C.; and New York City’s federal courts in Brooklyn and Manhattan.

Larry established the organization’s investment advisory business, which now manages more than $800 million, in 1997. As president of Palisades Hudson, Larry maintains individual professional relationships with many of the firm’s clients, who reside in more than 25 states from Maine to California as well as in several foreign countries. He is the author of Financial Self-Defense for Unmarried Couples (Currency Doubleday, 1995), which was the first comprehensive financial planning guide for unmarried couples. He also is the editor and publisher of Sentinel, a quarterly newsletter on personal financial planning.

Larry has written many Sentinel articles, including several that anticipated future events. In “The Economic Case Against Tobacco Stocks” (February 1995), he forecast that litigation losses would eventually undermine cigarette manufacturers’ financial position. He concluded in “Is This the Beginning Of The End?” (May 1998) that there was a better-than-even chance that estate taxes would be repealed by 2010, three years before Congress enacted legislation to repeal the tax in 2010. In “IRS Takes A Shot At Split-Dollar Life” (June 1996), Larry predicted that the IRS would be able to treat split dollar arrangements as below-market loans, which came to pass with new rules issued by the Service in 2001 and 2002.

More recently, Larry has addressed the causes and consequences of the “Panic of 2008″ in his Sentinel articles. In “Have We Learned Our Lending Lesson At Last” (October 2007) and “Mortgage Lending Lessons Remain Unlearned” (October 2008), Larry questioned whether or not America has learned any lessons from the savings and loan crisis of the 1980s. In addition, he offered some practical changes that should have been made to amend the situation. In “Take Advantage Of The Panic Of 2008” (January 2009), Larry offered ways to capitalize on the wealth of opportunity that the panic presented.

Larry served as president of the Estate Planning Council of New York City, Inc., in 2005-2006. In 2009 the Council presented Larry with its first-ever Lifetime Achievement Award, citing his service to the organization and “his tireless efforts in promoting our industry by word and by personal example as a consummate estate planning professional.” He is regularly interviewed by national and regional publications, and has made nearly 100 radio and television appearances.

Visit: Palisades Hudson

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