{"id":3706,"date":"2013-09-14T16:05:04","date_gmt":"2013-09-14T23:05:04","guid":{"rendered":"http:\/\/www.meehawl.com\/Blogfiles\/?p=3706"},"modified":"2013-09-14T16:07:49","modified_gmt":"2013-09-14T23:07:49","slug":"the-one-percent","status":"publish","type":"post","link":"https:\/\/www.meehawl.com\/Blogfiles\/2013\/09\/14\/16\/05\/the-one-percent\/","title":{"rendered":"The One Percent"},"content":{"rendered":"<blockquote><p><a href=\"http:\/\/blogs.reuters.com\/lawrencesummers\/2012\/12\/17\/how-to-target-untaxed-wealth\/\">The total wealth of American households is estimated at more than $60 trillion.  It is heavily concentrated in very few hands. A conservative estimate given the lifespans of Americans would be that 2 percent ($1.2 trillion) is passed down each year, mostly from the very rich. Yet estate and gift taxes raise less than $12 billion, or just 1 percent of this figure each year.<\/a><\/p><\/blockquote>\n<p>Also: <a href=\"http:\/\/www.bloomberg.com\/news\/2013-09-12\/how-wal-mart-s-waltons-maintain-their-billionaire-fortune-taxes.html\" title=\"Ironic when Bloomberg points this out\">How Wal-Mart\u2019s Waltons Maintain Their Billionaire Fortune<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total wealth of American households is estimated at more than $60 trillion. It is heavily concentrated in very few hands. A conservative estimate given the lifespans of Americans would be that 2 percent&#46;&#46;&#46;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[1501,1379,1305,1303,1304],"class_list":["post-3706","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-class","tag-economics","tag-estate-tax","tag-oligarchy","tag-taxation"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/posts\/3706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/comments?post=3706"}],"version-history":[{"count":0,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/posts\/3706\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/media?parent=3706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/categories?post=3706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/tags?post=3706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}