The American Wealth Gap Continues to Widen Unabated
If you are over a certain age you will remember how we used to look down our noses at so-called “Banana Republics,” such as Brazil, because a handful of families there owned or controlled the bulk of the nation’s wealth. Now observe how things have changed over the past 25 years. American is rapidly becoming the new Brazil while Brazil, in turn, is booming and creating opportunities for expansion of its middle-class.
Heir to the Johnson & Johnson fortune, Jamie takes a hard look at the widening wealth gap and what it portends for America. Are we headed for a future where the most lucrative business will be found in a Mexican-style “kidnap economy?”
The One Percent
This 80-minute documentary focuses on the growing “wealth gap” in America, as seen through the eyes of filmmaker Jamie Johnson, a 27-year-old heir to the Johnson & Johnson pharmaceutical fortune. Johnson, who cut his film teeth at NYU and made the Emmy®-nominated 2003 HBO documentary Born Rich, here sets his sights on exploring the political, moral and emotional rationale that enables a tiny percentage of Americans – the one percent – to control nearly half the wealth of the entire United States. The film includes interviews with Nicole Buffett, Bill Gates Sr., Adnan Khashoggi, Milton Friedman, Robert Reich, Ralph Nader and other luminaries.
Watch the documentary.