Where the OP got this wrong is by stating the top 1% vs. top 0.01%. It is entirely true that the top 1% pay a lot of tax. There are a lot of us here that are in the top 1% and god knows we pay a lot of taxes.

The top 0.01% however have access to vehicles that mean they can pay very little in taxes by taking low interest rate loans against huge amounts of capital. This 0.01% is the problem, not the 1%.