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Sat May 16, 2020, 10:50 PM

Johnson and Johnson heir Jamie Johnson's documentary "The one percent"

It is from 2006 but it is still very good. You can watch it on Youtube. One thing that came about from it was Warren Buffett disowned his granddaughter for speaking in the movie! He had not given her any money before that and I don't know if she was in his will but he also said after it that he was giving most of his money to charity.

Jamie Johnson seems like a very insightful and decent man.

https://www.imdb.com/title/tt0819791/?ref_=tt_sims_tt


In this hard-hitting but humorous documentary, director Jamie Johnson takes the exploration of wealth that he began in Born Rich one step further. The One Percent, refers to the tiny percentage of Americans who control nearly half the wealth of the U.S. Johnson's thesis is that this wealth in the hands of so few people is a danger to our very way of life. Johnson captures his story through personal interviews with Robert Reich, Adnan Khashoggi, Bill Gates Sr., and Steve Forbes, during which both Johnson's and his subjects' knowledge and humor shine. And he's not afraid to butt heads with Milton Friedman, the economist who coined the term "the trickledown effect." He also shows how the other half lives, using real-world examples of the wealth gap: he takes a tour of a dilapidated housing project in Chicago, rides around with an enlightened taxi driver, and sees the human toll of the unfair economics of the Florida sugar industry. Johnson's film is at its most powerful when it reveals how the super-rich work to preserve their own monetary dominance. As a member of the "Johnson & Johnson" family, he gets rare access to an exclusive wealth conference at which the über rich learn strategies for preserving their fortunes, and learns the personal management styles of some of the countries wealthiest employers. No great society has survived such a massive wealth gap; who knows if ours will?

—Schafer, Nancy

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Reply Johnson and Johnson heir Jamie Johnson's documentary "The one percent" (Original post)
Maraya1969 May 2020 OP
mr_lebowski May 2020 #1
Maraya1969 May 2020 #4
Maraya1969 May 2020 #5
BComplex May 2020 #2
oasis May 2020 #3

Response to Maraya1969 (Original post)

Sat May 16, 2020, 11:59 PM

1. That doesn't seem like something Warren Buffett would do ...

She say some really horrible stuff toward her family?
This is the DU member formerly known as mr_lebowski.

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Response to mr_lebowski (Reply #1)

Sun May 17, 2020, 05:04 AM

4. No she didn't. Part of the movie was about looking into how the rich don't

want to talk about their wealth, kind of in a paranoid way.

It was very surprising to watch it. It was also surprising to learn that he didn't give any money to, at least his grandkids after they got out of school. She worked as kind of an Au Pair and lived very simply.

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Response to mr_lebowski (Reply #1)

Sun May 17, 2020, 05:09 AM

5. Here's a blurb from Business Insider about it

"He disowned his granddaughter, Nicole Buffett, in 2006, after she participated in a documentary about children of the ultra-wealthy. Warren's son, Peter, formally adopted Nicole when he married her mother -- but the two divorced 10 years later. Buffett was reportedly so enraged by Nicole's participation in the documentary that he wrote to her in a letter, 'I have not emotionally or legally adopted you as a grandchild, nor have the rest of my family adopted you as a niece or a cousin.'"

https://www.businessinsider.com.au/10-strange-facts-you-might-not-know-about-warren-buffett-2011-8

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Response to Maraya1969 (Original post)

Sun May 17, 2020, 12:47 AM

2. I didn't know those videos (films) existed! I'm going to go watch them.

I'd love to hear how the other half (of half of 1%) lives.

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Response to Maraya1969 (Original post)

Sun May 17, 2020, 01:55 AM

3. I don't envy them one bit. However it's good to know what goes on. nt

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