From the Open-Publishing Calendar
From the Open-Publishing Newswire
Indybay Feature
Thu Mar 31 2005
San Francisco Protest Against Charles Schwab's Support for Social Security Privatization
Labor Speaks Out Against Privatizing California Workers' Pensions, Social Security
On Thursday, March 31st, more than one thousand people, including workers and labor and community activists held a mass demonstration in front of Charles Schwab's San Francisco headquarters to challenge it to withdraw support for privatizing Social Security and the pensions of California workers. People made a human chain stretching several city blocks as part of the one of the biggest-yet single-day grassroots mobilization to defeat President Bush's and Gov. Schwarzenegger's plans to create private accounts that would give a windfall to financial firms. Reports and Photos: 1 | 2
|
3
|
4
|
5
Social Security's privatization would cause guaranteed benefits to be cut by nearly half and increase the federal debt by $5 trillion. Gov. Schwarzenegger is supporting an initiative in California for the November ballot that would eliminate secure pensions for millions of Californians and end death and disability benefits for the survivors of police and firefighters. Many see it as a clear conflict of interest for firms that manage retirement accounts to promote privatization. The San Francisco demonstration coincided with similar demonstrations in seventy-five cities across the country.
Charles Schwab is a major backer of the push to privatize Social Security. Privatization opens the Social Security system and pension investments to corruption and Enron-ization because politicians will decide which Wall Street firms will make billions in fees off workers' private accounts.
More information about the national campaign targeting Charles Schwab and other Wall Street firms: Wall Street Greed or the AFL-CIO
Social Security's privatization would cause guaranteed benefits to be cut by nearly half and increase the federal debt by $5 trillion. Gov. Schwarzenegger is supporting an initiative in California for the November ballot that would eliminate secure pensions for millions of Californians and end death and disability benefits for the survivors of police and firefighters. Many see it as a clear conflict of interest for firms that manage retirement accounts to promote privatization. The San Francisco demonstration coincided with similar demonstrations in seventy-five cities across the country.
Charles Schwab is a major backer of the push to privatize Social Security. Privatization opens the Social Security system and pension investments to corruption and Enron-ization because politicians will decide which Wall Street firms will make billions in fees off workers' private accounts.
More information about the national campaign targeting Charles Schwab and other Wall Street firms: Wall Street Greed or the AFL-CIO
2024-03-20
Victory! EFF Helps Indybay Resist San Francisco Police Warrant and Gag Order
Front Page
| Police State & Prisons
| Media Activism & Independent Media
| San Francisco2024-02-09
Catholic Anti-Choice Marchers Get an Earful from Abortion Rights Activists in San Francisco
Front Page
| Health, Housing & Public Services
| Womyn
| San Francisco
| South Bay
| U.S.2024-01-10
Wall of Shipping Containers Intended to Keep the Public Out of People's Park
Front Page
| Police State & Prisons
| Environment & Forest Defense
| Global Justice & Anti-Capitalism
| East Bay
| California2023-12-08
Largest Ever Pro-Palestine Marches in NorCal Demand End to US Aid for Israel's War on Gaza
Front Page
| Anti-War
| Central Valley
| San Francisco
| South Bay
| Peninsula
| U.S.
| International
| Palestine
| Santa Cruz Indymedia2023-10-31
Three Activists Detained at Climate Protest for Crossing Beale Air Force Base Gate
Front Page
| Environment & Forest Defense
| Anti-War
| Central Valley
| California
| U.S.2023-09-29
California Climate Justice Actions in Coordination with Massive New York City March
Front Page
| Environment & Forest Defense
| Central Valley
| California2023-08-19
Environmentalists Speak Out Against Airport Expansion as Climate Disasters Accelerate
Environment & Forest Defense
| East Bay2023-08-12
Starbucks Bus Tour Stops in San Francisco, Rallies with Allies to Support Unionization
Labor & Workers
| San Francisco
| Peninsula
| California
| U.S.2023-07-19
Halt to Fossil Fuel Funding Demanded as Wells Fargo Operations Shut Down
Environment & Forest Defense
| Global Justice & Anti-Capitalism
| San Francisco
| U.S.2023-07-13
Demonstrations Wrack France, Boiling Over After Police Murder of Youth
Police State & Prisons
| Health, Housing & Public Services
| Global Justice & Anti-Capitalism
| LGBTI / Queer
| International
| Government & Elections
| Immigrant Rights2023-07-02
A Call for Pride to Return to its Roots as a Riot in Defense of LGBTQ+ Rights
Health, Housing & Public Services
| LGBTI / Queer
| Womyn
| San Francisco
We are 100% volunteer and depend on your participation to sustain our efforts!
Get Involved
If you'd like to help with maintaining or developing the website, contact us.
Publish
Publish your stories and upcoming events on Indybay.
Topics
More
Search Indybay's Archives
Advanced Search
►
▼
IMC Network