"Occupy Wall Street" is too vague, here are two specific places to camp out
I think the Occupy Wall Street crowd would have done better to come up with a specific target and with a specific goal that could create allies across the political spectrum (transpartisan reform as Jame Hamsher would call it).
For example, don't Occupy Wall Street, Occupy 55 Water Street the home of both Standard & Poor's and DTCC and then (for reasons I'll explain below) Occupy the Eccles Buiiding in DC. Or rather ( to avoid trespassing charges), the sidewalks abutting Water Street and the Fed headquarters. The goal should be this: Tax financial economy to pay for tax relief of real economy.
First of all, what praytell is DTCC? Let's consult the oracle of wikipedia:
"The Depository Trust & Clearing Corporation (DTCC), based primarily at 55 Water Street in New York City, is the world’s largest post-trade financial services company. DTCC was established in 1999 as a holding company to combine The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC)... In 2007, DTCC settled the vast majority of securities transactions in the United States, more than $1.86 quadrillion in value..." [$1.66 quadrillion in 2010]
As it happens the Tea Party hates Wall Street (which they see, more as less accurately, as in bed with Obama). And I'd note that that even Grover Norquist's no new taxes pledge has an exception for new taxes used to lower existing tax rates on a revenue-neutral basis.
I'd suggest there would be all sorts of unlikely allies in support of the goal of taxing the financial economy to pay for tax relief of the real economy. A transaction tax on the $1.66 quadrillion or so that clear through DTCC could be used cut existing tax rates dollar for dollar (obviously cutting the regressive FICA rates is better, but even across the board income tax cuts would be for the good).
Conservatively assuming that last year's volume would be cut in half, a .10% transaction fee on DTCC transactions would raise $833 billion a year, even more if other clearinghouses are included (IRS collected $2.3 trillion last year),and it could be enacted without going to Congress by an organization the Tea Partiers also hate-- the Federal Reserve. The Monetary Control Act of 1980 gives the Fed governors authority to levy transaction fees on anything that moves through Fed system... and we all know where the Fed's net earnings go, the US Treasury. So Act II could be "Occupy the Eccles Building" (or abutting sidewalk thereof). After the Fed governors revise their fee schedule, Congress would still have to vote to cut existing tax rates, I think they're up to it. :o)