Wealth and detecting the ruling oligarchy

There is a common argument made (often from the neocons) that: "The rich (top 10%) pay for 35% of all taxes." and that more of the burden should be "equally distributed" - so lets examine this idea.

The oligarchy in America, wealth and means expose the true story.

To be honest, if there are going to be taxes they SHOULD be evenly distributed, but currently there is no parity in the tax system. I think personal taxes are theft. What we hear all the time is "boo hoo, the wealthy are SO mistreated" they pay the most in taxes, in fact they pay a large percentage but it is not proportionate to the control of wealth and in particular liquid assets.

Looking at the facts this they are not paying a proportion even near what the middle class and poor (non-subsidised) pay, the worst inequality of course in the Social Security pyramid scam (none of the following figures include Social Security, keep this in mind).

In the United States at the end of 2001, 10% of the population owned 71% of the wealth and the top 1% owned 38%. On the other hand, the bottom 40% owned less than 1% of the nation's wealth.

Currently, the richest 1% hold about 38% of all privately held wealth in the United States while the bottom 90% held 73% of all debt.

This tally of wealth also does not include the "control of wealth" with corporations, instruments of "perpetuity," and the shells of protection used by the top .01% of the top wealthy. Imagine the top banking families and their control of the Federal Reserve, all the money transferred to the US Government is at interest, interest that must be paid in more of the money that must be transferred. The very top income group (.001%) has a lower average effective tax rate than the rest of the top 1 percent of returns because these extremely high-income returns are more likely to have income from capital gains and dividends, which are typically taxed at lower rates. This is not even the top "working wealthy" but the speculators, old guard, and banking families, the ruling parasites.

In terms of types of financial wealth, the top one percent of households have 38.3% of all privately held stock, 60.6% of financial securities, and 62.4% of business equity. The top 10% have 80% to 90% of stocks, bonds, trust funds, and business equity, and over 75% of non-home real estate. Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America.

In the end it is not the top one percent but the top .001% that is actually in charge, they are the untouchables.