The 10% are the wealthy in Society who benefit the most from privileged property rights over Commons like land. While some (too many) of the 10% are in Wall Street, most are not. 90% of us are indebted to the 10% via the Banks.
Wall Street serves the Wealthy 10% and applies a de facto Wealth Tax on them. But it's not Wall Street/the City who own most of the land eg in the UK 0.3% of the population owns 69% of the land. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
If they couldn't indebt the planet so easily, what is their wealth for?
... in the UK 0.3% of the population owns 69% of the land.
Why I think Land Reform is needed in the UK allied with a real Green Revolution© -- a change in the way agriculture is done, not just pouring a butt load of petro-chemicals all over the place raping the future to profit in the present.
Wall Street serves the Wealthy 10% and applies a de facto Wealth Tax on them.
They definitely tax most of economic activity, for as much as it is dependent on credit. Government taxes are peanuts.
