“The top 10% of US households now hold 87% of all US stocks owned by households, with the top 1% alone owning 50%. By comparison, the remaining 90% hold just 13%, while the bottom 50% hold only 1%. The wealth gap has never been bigger.” - Kobeissi Letter

By Jim Quinn of TheBurningPlatform.com - November 6, 2025

The chart below paints a disturbing picture for those not in the top 10%. And the accusations regarding who is responsible are predictable, endless, and mostly wrong. The “tax the rich” crowd are loud and ignorant of facts, but that doesn’t stop them from bloviating and screaming shrilly on the left wing media channels. The top 10% aren’t the problem. They constitute the entrepreneurial class, who open new businesses and hire employees. Most of the top 1% are also hard working creators of wealth. It’s the .01% globalist billionaire class who are mainly to blame for the economic shitstorm brewing on the horizon.

Young people now overwhelmingly see socialism as preferable to capitalism because they have been indoctrinated by left wing professors and the legacy left media mouthpieces, promoting the Mandamis, AOCs, Bernies and Pocahontases of the world. It doesn’t matter their socialist/commie agenda has a 100% proven record of being erroneous and economically disastrous anywhere on earth it has been implemented, with millions of dead bodies as proof. The truth is we have not experienced true free market capitalism since the unholy conception of the Federal Reserve and initiation of the Federal income tax in 1913. That was surely a bad year for humanity.

When the wealth data is presented in a fair and accurate way, it truly paints a picture of woe for the bottom 50%. Of course, those in the top 10%, who own all of the stocks and businesses, along with most of the real estate, feel little or no pity for the bottom 50%. They think they are lazy, ignorant and stupid. In many cases, that is an accurate assessment, but there are millions of hard working people in the bottom 50% who are there because the .01% like it that way. George Carlin’s famous rant captures the reality of their situation:

“They want more for themselves and less for everybody else, but I’ll tell you what they don’t want: They don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That’s against their interests. That’s right. They don’t want people who are smart enough to sit around a kitchen table to figure out how badly they’re getting fucked by a system that threw them overboard 30 fucking years ago. They don’t want that.

You know what they want? They want obedient workers. Obedient workers. People who are just smart enough to run the machines and do the paperwork, and just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and the vanishing pension that disappears the minute you go to collect it, and now they’re coming for your Social Security money.”

Carlin’s disturbingly accurate description of America from two decades ago is truer now than it was then. “They” have accumulated trillions more, while the rest of us have seen our standard of living relentlessly decline due to the Federal Reserve manufactured inflation – designed to accelerate stock market gains and leave the masses destitute. The USD has lost 97% of its purchasing power since the Creature from Jekyll Island slithered from the swamps of DC in 1913. Your 2% to 3% annual raise is consumed by the 5% to 10% increase in things you need to live (food, energy, medical care, education) every year. That is why the Bottom 50% has an average net worth of $54,300.

The real question is who are “THEY”? It is certainly not the top 10%, or even the top 1%. Whether you refer to them as the ruling elite, oligarchy, globalist cabal, or satanic psychopaths, they constitute only a fraction of the 1%. There are approximately 3,000 billionaires in the world, with about a third of them in the U.S. That means they make up about .0003% of the U.S. population and an even smaller percentage of the 8.2 billion global population. Many of these billionaires are just the children or spouses of men who accumulated that wealth. That leaves a few hundred men meeting the criteria of psychopaths in suits, with totalitarian tendencies, ensconced with a heaping helping of greed, thirst for power, and desire to rule the world.

Let’s be honest, these psychopathic pedophile billionaires and their cadre of well compensated legions of apparatchiks placed within the government, media, universities, finance industry, “think” tanks and fake “charitable” foundations, believe the bottom 50% are nothing more than mouth breathing parasites. They are . . .

[SNIP]

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