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Tuesday, November 29, 2011

It is not 1% but top 0.1% which controls and loots the finance


The motto raised by the 'Occupy Wall street ' is 'we are 99% '. '1% is looting the people and the country'. But the facts seems to be even bitter. Among the top 1%, there is a 0.1% in whose control is the total economy and finance.
Paul Krugman, the renowned writer explains that this 0.1% is the crucial section which controls the entire system and is grabbing the maximum profits. They are mainly corporate bigwigs and financial wheel-dealers according to Paul Krugman.
On a recent analysis,  43% of the super - elite are executives at non-financial companies, 18% are in finance and another 12% are lawyers or in real estate.
The supe-elites are paying taxes, but not according to what is to be paid. They have to substantially more in taxes. The 99% should have to live and live a better life.