One Percent

December 21st, 2006
[ General ]

Jamie Johnson is an incredibly rich kid. He’s heir to the Johnson & Johnson vault of cash. He’s in his mid twenties and makes movies, primarily about being rich and what it’s like in the inner circle of the obscenely rich. His current project is titled “The One Percent“.

Jamie’s a trust fund kid. He’s part of a family of people who spent a large part of their energies coming up with ways to keep the money they have. Trust funds, off shore accounts, whatever it is they do. People this rich are less concerned about earning money then about keeping the airplane hangers full of cash they already have.

Contrast the Johnson family with Warren Buffett, Warren not Jimmy, currently the second richest man on the planet. While I haven’t heard this first hand, the rumour is that Warren’s stated he will NOT leave his money to his family.

What’s the point? Both Warren and the Johnson’s are part of that infamous one percent who possess 99% of the world’s wealth. In the case of the Johnson’s, they have every intention of keeping it in the brood.

I find it fascinating that Mr Buffet is planning the exact opposite. People like Robert Reich will tell you how the former can impact a society. Societies who feel they can never access that 99% of wealth are ripe for anarchy and literally ripping themselves apart at the seams.

I think I had a point but I’d rather leave it at that…So, no point, or it’s your turn to come up with the point….Any point I find seems to make me feel like either a capitalist or a communist, neither of which I consider myself….