Working Head: THE ONE PERCENTPage 1 THE ONE PERCENT Ryan M. Kerrick March 18, 2012 THE ONE PERCENTPage 2 Ryan M. Kerrick Mr. Richard Cannella English Composition II March 18, 2012 good friend of mine lately beneficial me to observe a documentary referred to as “The One %. ” I don’t normally watch documentaries until I’m gaining some kind of data out of the data offered. Not sure of what it was about and what I used to be going to get out of it, I turned on NetFlix and proceeded to observe the movie. I quickly got here to understand I used to be enamored by this movie, “The One %,” and it stays one among my favourite documentaries of all time.
The documentary offers with the disparity between the rich elite and the citizenry and the way they’re each up to now faraway from each other. “As of 2010, the highest 1% of households (the higher class) owned 35. four% of all privately held wealth. ” (Domhoff, 2010, The Wealth Distribution, para. 1). The producer and interviewer presents this movie by many rich American businessmen, critics, economists and even his circle of relatives to elucidate this main social hole that exists on our residence entrance. When wanting on the variations side-by-side, it’s laborious to know that all of us dwell in the identical place, the USA of America.
The movie was created by Jamie Johnson, the inheritor to one among America’s most prosperous households. Being born with a “silver spoon,” Jamie by no means actually had something to fret about in life– from non-public colleges to personal jets, equestrian golf equipment and charitable dinner events. However, he at all times felt one thing was lacking in his life and he couldn’t fairly put a finger on it. The fortune that Jamie inherited on his 21st birthday was from one of many wealthiest family-owned firms in the USA, Johnson and Johnson. THE ONE PERCENTPage three Ryan M. Kerrick Mr. Richard Cannella
English Composition II March 18, 2012 His nice grandfather “began the corporate in 1886” (Johnson and Johnson, 1997) and it continued to develop properly past creativeness. Jamie would at all times surprise what made him deserve this affluent life-style. After self-examination, Jamie was decided to research among the questions haunting him in his head in regards to the wealth disparity in America. Making an attempt to carry his thoughts to ease, he determined to create this documentary, “The One %. ” Inside the first couple of minutes of the movie I observed an indication labeled “Non-public Property Members Solely. To me the signal is exhibiting how the rich delight themselves in being a part of such an elite membership. In the meantime, on the opposite facet of the spectrum, the working class really feel like they aren’t actually a part of society in any respect. To start with of the documentary you see the Johnson’s having a household assembly. At first it appears regular, however they aren’t discussing chores round the home. It’s a “household assembly” with their monetary wealth and cash administration advisors. The assembly is centered on managing their wealth and property and basically turning their thousands and thousands in to extra thousands and thousands.
The consensus from the advisors is that yearly the household fortune tenfold they usually proceed to change into richer and richer. Jamie appears to be upsetting his father with the making of this documentary and the advisors appear hesitant to speak about cash and wealth on digicam. THE ONE PERCENTPage four Ryan M. Kerrick Mr. Richard Cannella English Composition II March 18, 2012 His father’s preliminary response is that his son’s documentary is nonsense, however one thing that may have an enormous ripple impact if taken significantly. Jamie does an awesome job making an attempt to get solutions and asking tough inquiries to the rich elite of America.
The footage he presents is of individuals giving their most trustworthy views and ideas and it’s evident there’s a big hole between the rich and the poor. Jamie Johnson interviewed quite a few folks inside completely different social courses. They ranged from Milton Freedman and Steve Forbes, who owns his personal non-public cruise ship, to some native residents of the south facet of Chicago, who dwell in poverty with out locks on their mailboxes. Jamie is presenting the social hole with visuals– damaged down buildings in comparison with mansions, a homeless man asking for cash in comparison with fancy seashore resorts and submit hurricane Katrina victims with non-public nation golf equipment.
A poignant second that stood out to me within the documentary was when Jamie interviewed Nicole Buffet, the granddaughter of Warren Buffet by marriage (his son Peter’s ex-wife’s daughter. ) It was comforting to observe and I really feel even Jamie felt a way of self-awareness as he interviewed the younger feminine. She appeared so assured in who she was however most of all peaceable, content material and proud of the straightforward issues in life. On this state of affairs, you may see cash appears to be the foundation of all evil. Even to the purpose of ridding somebody of your loved ones that has nice recollections of you. THE ONE PERCENTPage 5 Ryan M. Kerrick Mr.
Richard Cannella English Composition II March 18, 2012 She talked of her “grandpa” because the loving man she is aware of him as (not as multimillion greenback enterprise man. ) In response to her participation within the documentary, he wrote to her “I’ve not emotionally or legally adopted you as a grandchild, nor have the remainder of my household adopted you as a niece of cousin. ” (Schroeder, 2008, p. 976) He disclaims her as a granddaughter regardless of all the great she says about him simply due to her position within the movie. Individuals argue that Buffet was not misplaced as a result of Nicole was adopted or a step baby and was not a part of his speedy household.
I believed the identical till I stumbled upon an article written in The Wall Avenue Journal. The article acknowledged “Susan Buffett, Warren’s first spouse, who died in 2004, named Nicole in her will as one among her “adored grandchildren” and left her $100,000. She added that Nicole “shall have the identical standing and advantages … as in the event that they had been youngsters of my son, Peter A. Buffett. ” Additionally, “a supply near the household says Nicole spent “little or no time” with Warren Buffett over time however that he paid for Nicole’s faculty and residing bills till she was 28. Nicole says that Mr.
Buffett’s response might have mirrored his philosophy about wealth. “Sharing my expertise as a Buffett was stepping outdoors the field,” she says. ” (Frank, R. 2008). One other a part of the movie that stood out to me is when Jamie interviewed the taxi cab driver and I did like what the person needed to say. He mentioned, “My household is without doubt one of the richest households on the earth, however not with cash. With love, kindness, tolerance and persistence. Qualities which might be value greater than cash and you’ll’t purchase that. ” THE ONE PERCENTPage 6 Ryan M. Kerrick Mr. Richard Cannella English Composition II March 18, 2012
This confirmed the a lot clear distinction in values between the wealthy and the working class. Evaluating what the taxi driver had mentioned to the values of Warren Buffet who wrote his granddaughter disclaiming as a result of she didn’t assist the household life-style, which might you like? Watching this documentary I got here to seek out that with cash additionally comes a concern of shedding that cash and changing into consumed by it. Together with cash comes the altering of your values and entire side on life. It permits households in America to maneuver up in school, typically occasions permitting them to undertake completely different concepts and completely different household values.
After viewing this documentary my evaluation on the disparity of the wealth hole is that it’s actuality and there isn’t a lot we will do about it. I’m able to see what folks must undergo to make it to the highest. Enterprise males don’t change into who they’re by being good to folks. They must be aggressive within the enterprise world, lower throat, sharp and keen to do no matter it takes to attain their goals. Which may include dangers and even imply strolling throughout folks. However, typically to make a distinction, it’s a must to experience by hell to make it to heaven.
This may be a tough capsule for some folks to swallow, however, it’s actuality and it’s the reality. Individuals haven’t change into moguls in a single day singing KUM-BAH-YA and dancing round a hearth. Las Vegas was constructed on mob cash earlier than it was cleaned up and offered with a brand new face by entrepreneur investing. That is enterprise. You have got to have the ability to abdomen it and it isn’t for the weak hearted. I might subsequently must agree with what I’ve seen within the documentary concerning Jamie’s father and his conduct. THE ONE PERCENTPage 7 Ryan M. Kerrick Mr. Richard Cannella English Composition II
March 18, 2012 He did what he needed to do to get to the place he’s as we speak despite the fact that he inherited his thrown. In my private opinion, in the event you look laborious sufficient you’ll at all times discover dust and the highest of the social ladder. You don’t solely must be wealthy for that both, all of humanity is flawed in its personal approach. I don’t consider that everybody was born to be a millionaire. Nevertheless, I do consider that in our personal approach, if we protect and try to work laborious, we’re all in a position to be “millionaires” in our personal eyes and dwell fulfilling lives and contribute to creating our society a greater place to dwell.
Being unemployed, uneducated and residing off welfare will not be honest to the individuals who work laborious to pay taxes to assist their fellow residents. I contemplate it to be a lazy and irresponsible lifestyle. Nevertheless, it’s a selection in life you could have. The cash is on the market for the taking so it is usually your prerogative whether or not you select to exit and get it or not. Make your resolution properly and preserve your values in thoughts whereas climbing the social ladder if that’s the route you determine to take. THE ONE PERCENTPage eight Ryan M. Kerrick Mr. Richard Cannella
English Composition II March 18, 2012 REFERENCES Johnson and Johnson. (1997). Historical past of Johnson and Johnson. Retrieved from http://www. jnj. com/join/about-jnj/company-history/ Schroeder, A. (2008). The Snowball: Warren Buffet and the Enterprise of Life. Domhoff, G. (2010). Wealth, Revenue, and Energy: The Wealth Distribution. Retrieved from http://whorulesamerica. web/energy/wealth. html Frank, R. (2008). The Wall Avenue Journal: The Wealthy Man’s Michael Moore. Retrieved from http://on-line. wsj. com/article/SB120371859381786725. html? mod=fpa_mostpop