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Midweek Newsletter: The Roots make a statement, Russell Simmons returns to Occupy Wall Street and more

Solve all your problems by giving me money!

Russell Simmons is a hip hop legend. This does not and should not make him immune to criticism. Mr Simmons is also worth an estimated $340 million, so it’s pretty safe to say that he is not part of the 99%! It’s his money and he can do what he likes with it. However, Mr Simmons has stated that he would support paying more taxes. The problem with increased taxation in my opinion, is that it would have a crippling effect on the middle classes and small businesses, simply because after taxes their would not be enough money going around to spend frequently. The consumer would be forced to save money and spend wisely.

Anyway, yesterday Russell said that he is planning an Read the rest of this entry

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Occupy Wall Street

So it appears that hip hop heavyweights Kanye West & Russell Simmons have joined the 1000’s of protesters of Occupy Wall Street.

Now both these men are multi-millionaires, so is it possible for them to speak to the masses on what it’s like to be robbed by banksters?

I guess you could argue that their Read the rest of this entry