The 1% Movie

The 1% Movie
Jamie Johnson

Hey readers I recently saw the 1% movie, which was written and directed by Jamie Johnson. Jamie is the grandson of the founder of Johnson & Johnson Company, a multi-billion dollar conglomerate. After seeing this movie I am sort of shocked at the greed that some of the 1 percenter’s take pride in displaying. They clearly do not want to discuss or even think of the social economic dysfunction of this society.  It is fascinating how in one single movie both sides were portrayed and given the opportunity to shed light on a matter that is very controversial in our society. On both sides of the spectrum, they feel that their views are right and the other is wrong. It is a typical thought process behind I am right, with no in between talks on how to solve the social economic issues.

It provides facts behind the political influences that big companies have on the government. It goes to show how greed can have a conflict of interest. In one example a major sugar company based in Florida, donates to both political parties in a power move to build a favorable relationship with both sides of politics. It also states how the sugar importing is not allowed, and we as consumers have to buy sugar at 3-4 times in price when compared to Canada and Mexico. Why would the government interfere with free trade in that manner, because the sugar company has them in their pockets? In this example the CEO of said sugar company can and has dialed directly the president of the U.S. to discuss matters that can affect his company’s revenue.

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Millionaires

 

Hey did you know that many millionaires in the United States hold positions as executives / managers or teachers? Survey results show that about 35% of millionaires obtained their wealth working for these two professions. These lucky millionaires didn’t invent the IPAD or the post it or the PC. The majority of these millionaires lived frugally and saved a large portion of their income. The survey results are featured in the millionaire corner blog article listed in the link below. The average time frame that those millionaires achieved this status is 17 years, maybe give or take a few years as results like these are skewed.

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Richer by 288 Times

Richer By 288 Times
Have a 150 grand lying around?

Can you believe this? The Super rich have 288 times more savings than the normal American. Compound that by 4% and you have a pretty decent interest income. I must say I didn’t fully agree with all the hoopla surrounding the top 1% and all the wall street protesters, but the facts are very clear and right in front of our noses. The Super rich are richer by 288 times the median income. How can the top 1% be so abundantly prosperous and the average person not be? The economic system if taken to extremes will not sustain another meltdown.

Did you know that the system is based on good faith and that most of your money is not all accounted for in banks or brokerage firms. Let me explain a little further for those of you who do not know. Most financial institutions use about 80-90 % of your money to lend out to others or to re-invest again for their future gain. If the system were to collapse it could be the end of monetary policy as we know it. The actual figure the computer displays out to you and millions others just like you, is a figment of your imagination because guess what, you’re actual money is the mortgage of some other person and the bank is the administrator of your assets and another person’s debt.

I am not telling you all this so that you can run over to the bank tomorrow and hit the eject button on your money, but to get you to think a little bit about what is actually occurring behind the scenes. Things are not as rosey as the media is making it seem. One day it’s OMG we might go into another recession and the next day the media is all about how great of an economy we have. They can not seem to make up their minds or just maybe the powers from above and the ultra rich are making the media outlets run the happy go lucky stories so that a political / monetary uprising do not occur.

Richer by 288 X the median Average article: Net Worth Article

So if you can sit down and digest the article you just read in the link above about the super rich and the income disparity affecting our nation, How do you feel? Do you now feel a bit of compassion for the wall street protesters? Do you even care that somebody has 288 times more savings than you do?

RichUncle EL

Pic above is credited to Icon Airplane Co. Toys of the Super Rich!