April 14, 2011
Worth Watching: The One Percent
The One Percent, refers to the tiny percentage of Americans who control nearly half the wealth in this country. Director, Jamie Johnson, a descendant of the "Johnson & Johnson" family, and a member of the 1% uses the prestige of his family's name to get a rare look into the lives of the elite. Johnson captures his story through personal interviews with Robert Reich, Adnan Khashoggi, Bill Gates Sr., Steve Forbes, and Milton Friedman, the economist who coined the term "the trickledown effect". Johnson's film reveals how the super-rich work to preserve their own monetary dominance. He gets rare access to an exclusive wealth conference at which the elite learn strategies for preserving their fortunes. 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.
It's on Netflix. You should definitely check it out.
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