Born Rich: The Documentary By Jamie Johnson (Johnson & Johnson Heir)

DriftingByTheStorm
DriftingByTheStorm Posts: 8,684
edited October 2008 in A Moving Train
If you get a chance,
i just started watching this pseudo-confessional by a mega-rich kid and his friends.

Born Rich
long description

on google video
If I was to smile and I held out my hand
If I opened it now would you not understand?
Post edited by Unknown User on

Comments

  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    Josiah Hornblower, Vanderbilt\Whitney Heir On His Family Legacy wrote:
    They kind've privatized the subway in New York. They had a monopoly on it, charged the city all this money for it. It was a big racket. They were crooks. But everyone who made money back then was a crook. [pause] The Johnsons, right? They probably were making opium or something, er.

    Awesome!

    :D
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • PJ_Saluki
    PJ_Saluki Posts: 1,006
    Just started watching it. Too bad my dad is a coal miner. I'd loves to gets me some of those fortunes.
    "Almost all those politicians took money from Enron, and there they are holding hearings. That's like O.J. Simpson getting in the Rae Carruth jury pool." -- Charles Barkley
  • Kann
    Kann Posts: 1,146
    haaaaaa nepotism, the kryptonite of democracy
  • OutOfBreath
    OutOfBreath Posts: 1,802
    "Free" capitalism (rich gets richer, takes money to make money etc) + inheritance ensures that there will be no such thing as amount of hard work = reward in society. There is little correlation between the two. Certainly, hard work usually pays off, but socio-economical surroundings and who your relatives are decides whether you with maximum work can run the local McDonald's, or be president of Coca Cola company. Social mobility is at it's lowest ever in the US and many other places. Even in relatively egalitarian Norway, there are strong, consistent positive correlations between parents' jobs, education, income and health.

    I suspect it will always be this way under a capitalist system, unless inheritance get outlawed or something. That would be the only real way to have a meritocracy btw. But keeping the system as it is, at least requires taxing inheritance. At what percentage and at what minimum level can be discussed.

    Peace
    Dan
    "YOU [humans] NEED TO BELIEVE IN THINGS THAT AREN'T TRUE. HOW ELSE CAN THEY BECOME?" - Death

    "Every judgment teeters on the brink of error. To claim absolute knowledge is to become monstrous. Knowledge is an unending adventure at the edge of uncertainty." - Frank Herbert, Dune, 1965

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