by InvestorPlace Staff | March 13, 2012 6:22 pm
With the future financial viability of the Occupy Wall Street movement in question, it’s worth taking a look at the money they raised and, more importantly, what they spent it on.
Fortunately for us, The Atlantic has taken a look at the most recent Occupy Wall Street financial records and noted some of the more interesting expenditures. Overall, Occupy Wall Street raised $737,000 since it began six months ago, and has spent or earmarked more than $700,000 of that. What has it been buying? Among other things:
Shuttling protestors from protest site to protest site in a city this heavily dependent on mass transit and the subway clearly adds up over time.
Since protestors were evicted from Zuccotti Park in December, many of the displaced protestors have been staying at local churches, with the movement paying rent on their behalf.
Almost all of this total went towards bailing out Occupy activists arrested during protests.
Yes, many members of the Occupy movement did want clean clothes.
First used at a Halloween march, activists continued to make and use puppets afterwards for their actions.
Zuccotti Park apparently had a roll your own cigarette station, aptly named “Nic@Nite”.
For a more complete list of expenditures and Occupy Wall Street budget information, read this The Atlantic article or check out the movement’s financial report.
— Benjamin Nanamaker, InvestorPlace Money & Politics Editor
The opinions contained in this column are solely those of the writer.
Want to share your own views on money, politics and the 2012 elections? Drop us a line at firstname.lastname@example.org and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.
Source URL: http://investorplace.com/investorpolitics/how-did-occupy-wall-street-spend-its-money/
Short URL: http://investorplace.com/?p=140293
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.