Tuesday, October 18, 2011

Are you smarter than a OWS protester?

New York Magazine quizzed the Occupy Wall Street protesters on their basic knowledge of the economy.  Given that one of their goals is to increase awareness, they should be experts, right?  Well, no.  Moderately knowledgeable?  Not quite.  Pretty clueless?  Bingo.

Some highlights:
  • 90 percent do not know what the Dodd-Frank Act is,
  • 90 percent either did not know or think that the top marginal income tax rate is below 25 percent almost one third of them think it is 10 percent or lower),
  • 94 percent of them think that government spends more on the military than on education or health care and pensions.