"The mark of an immature man is that he would die knobly for a cause. The mark of a mature man is that he would live humbly for one" - Catcher in the Rye -WARNING WRITER SPELLING CHALLENGED! But Sometimes you have to say "what the fuck!"

Tuesday, November 09, 2004

I believe in rags to riches Your inheritance won't last So take your Grey Poupon my friend And shove it up your ass! EAT THE RICH

Here we are, face to face
A couple of Silver Spoons.
Hopin’ to find, we’re two of a kind
Making a go, making it grow.

Eat the RICH! Yes Im One Punk Bitch..
As a punk rock BITCH, its no secret I have a grudge against elitist rich silver spooners. This prejudice made it hard for me to vote in the last election. I respect the Silas Lapham types, self-made who know about struggle, adversity and determination. Its not that I hate all rich people, I just don’t have the same sort of respect for them or their opinions on life. Maybe Im just bitter because my life has been all about struggle. Maybe Im just a “playa hater”.

Historical Silver-Spooners and Our Presidents
Being the historian that I am, I gathered some research on our Country’s richest presidents. Now, just because these guys are RICH, that doesn’t mean I don’t respect them. Many of them made the money themselves, and that...I do respect. Enjoy.

George Washington
Source of Wealth: inheritance, plantations
On the Money: $1 Bill, quarter
The first president was also likely the richest in relative terms, perhaps the only commander in chief of his day who would have made the Forbes 400 Richest in America. Washington came from a wealthy planter family, and then married the widow Martha Dandridge Custis, who was also extremely rich. Washington's wealth was one of the reasons he was called on to lead the American Revolution--his military and political acumen was a bonus. Like many planters Washington could be cash poor, and according to Robert F. Jones, author of George Washington: Ordinary Man, Extraordinary Leader, he lost money while president, spending more on housing and entertainment than his $25,000 presidential salary. On his death, in 1799, Washington's estate was valued in excess of $500,000. His main plantation at Mount Vernon had 300 slaves. Half of those belonged to Washington, who freed them upon his death.

Thomas Jefferson (1801-09)
Source of Wealth: inheritance, plantations
On the Money: $2 Bill, nickel
Jefferson is a tough case because, while he was born rich--and lived extremely well--he died broke. Jefferson was born into one of the Virginia colony's most distinguished families--only one man in Albemarle County, where he lived at Monticello, owned more slaves than he did. As a young lawyer, his clients included some of the leading families in the colony. On the other hand, "His plantations were rarely profitable and his income as a lawyer in the 1770s fluctuated between $1,000 and $1,800 a year," says Lucia Stanton, a historian at the Jefferson Home at Monticello. He was considered one of the 100 richest men in Virginia (a 1954 William and Mary Quarterly article placed him "about" 28), though not in George Washington's league. As to his nagging debts, Pessen says: "These...were the debts of a hugely rich man."

Andrew Jackson (1829-37)
Source of Wealth: land speculation, plantations
On the Money: $20 Bill
Although "Old Hickory" was widely regarded as a commoner and backwoodsman, Jackson was in fact one of the richest presidents of the 19th century, says Blessing. Jackson's father died before he was born and he was raised by a well-off uncle before becoming a lawyer and earning a large fortune in real estate. He fell into debt early in his adulthood, but later owned 150 slaves at his primary plantation. He owned a racetrack and was a successful gambler, says Andrew Burstein, author of The Passions of Andrew Jackson. But the bases of his fortune were land deals that came to him in his capacity as a U.S. Army general. He and his army buddies were involved in negotiating the cession of land by Indians. "Then they went about [buying and] developing those lands," Burstein says. Even people close to Jackson raised eyebrows. "But it was part of the political atmosphere back then" and it didn't hurt his political career. Jackson added to his fortunes by marrying the wealthy Rachel Donelson.

Zachary Taylor (1849-50)
Source of Wealth: inheritance, plantations
The 12th president, a general like Jackson, was descended from the Mayflower pilgrims and was second cousin to President James Madison. His family was a major landowner in Mississippi, Louisiana and Kentucky. Though he was a career army officer and a hero of the Mexican War, he also attended to his cotton plantations. He died in office in 1850.

Theodore Roosevelt (1901-09)
Source of Wealth: inheritance
Roosevelt's family was among the first settlers in Dutch New York and his grandfather Cornelius Van Schaack Roosevelt was one of the wealthiest merchants and bankers in New York City during the mid-19th century. But Roosevelt scholars note that by the 1870s, the industrial revolution had changed all the rules and people like William Henry Vanderbilt far outdistanced the Roosevelts. T.R.'s parents both died by the time he was in his early 20s and he spent his life either in public service or working as an author and rancher. As a result, T.R. was much less well off than his cousins and many of his friends, says John Gable, executive director of the Theodore Roosevelt Association. Nonetheless, his inheritance allowed him a substantial income of $8,000 per year, enough to support a large home and servants, but not enough for a townhouse in Manhattan. T.R. lost much of his fortune before he was president in an ill-fated ranching venture in the Dakota Territories. When he left office he had to work hard as an author to pay his bills.

Herbert Hoover (1929-33)
Source of Wealth: mining, investments
Hoover was probably the most successful businessman among the presidents and one of the wealthiest. An orphan, he was raised by his uncle, a doctor and school principal in Oregon. At Stanford University, he excelled in geology. After graduation, Hoover held a series of increasingly senior jobs with mining consulting firms outside of the U.S., which eventually allowed him to invest directly in mining properties. By 1908, he was earning $100,000 per year, says Gorge H. Nash, author of the three-volume Life of Herbert Hoover. By World War I, when he was just 40, he was worth somewhere between $1 million and $5 million, Nash says. When war broke out, he began to devote himself to public life, turning down even more lucrative job offers. The future president worked without salary as head of the Commission for Relief in Belgium. While serving as secretary of commerce and president, Hoover donated his salary to charity, according to Timothy Walsh, director of the Herbert Hoover Library in West Branch, Iowa.

Franklin Delano Roosevelt (1933-45)
Source of Wealth: inheritance
On the Money: dime
A distant cousin of Theodore, FDR came from an old money New York family. His father was an investor; his mother was the heir to a China trade fortune. FDR was an only child raised in grand style in Hyde Park, N.Y., Manhattan and Campobello Island off the coast of Canada. Though a mediocre student, he attended Harvard and Columbia Law School. He quit law school before graduation, but passed the New York bar exam and joined a Wall Street law firm. The work bored him. FDR was elected to the New York State Senate at age 28. His wife Eleanor was T.R.'s niece. Because his mother lived until 1941, FDR never controlled the family fortune. But he was certainly able to tap it. Roosevelt died at age 63 in 1945, leaving a personal estate valued at just north of $1 million.

John F. Kennedy (1961-63)
Source of Wealth: inheritance
On the Money: half-dollar
Kennedy's father Joseph was the son of a successful bar owner and sometime bank organizer who became one of the wealthiest people in the U.S. with interests in banking, movies, liquor and investing. He became the first chairman of the Securities and Exchange Commission and aimed his son even higher. JFK studied business at Stanford but left to serve in World War II. His status as a war hero and his father's fortune led to his becoming the youngest elected president. JFK was notorious for going around with no money, and his pals who chipped in for him knew to send the bills to Joe's office, says Gil Troy, author of Mr. and Mrs. President: From the Trumans to the Clintons. He also had a large income from trust funds. Like Hoover, he donated his presidential salary to charity. Because his parents were alive when he was assassinated, he never inherited even a piece of the family fortune, which we estimated at its height in 1990 to be about $850 million.

Lyndon B. Johnson (1963-69)
Source of Wealth: TV and radio stations, real estate
LBJ laid the Texas good ol' boy routine on pretty thick, but he was an extremely wealthy man--one who earned his fortune entirely while he was in public life. LBJ's father Sam was a prosperous farmer and businessman (and state legislator) who lost most of his fortune when the future president was 13. LBJ worked briefly as a school teacher, but entered politics at age 23. By the time he was president, he had a reported $14 million fortune. Part of the money was from Texas land deals says Robert Dallek, author of Lone Star Rising: Lyndon Johnson and His Times 1908-1960. The key, however, was his wife's purchase in 1943 of KTBC, a radio and television station in Austin, Tex. The station--which for years was the only TV station in Austin--prospered and there was plenty of speculation that Senator Johnson pressured the Federal Communications Commission to keep KTBC the only game in town. "There was certainly a kind of insider trading going on," Dallek says, adding, "You can't pin anything down, of course."

George W. Bush (2001-present)
Source of Wealth: inheritance, baseball
The 43rd president is only the second son of a president to be elected to the office (John Quincy Adams was the first; Benjamin Harrison was the grandson of William Henry Harrison.) The Bush family money goes way back, says Herbert Parmet, author of George Bush: The Life of a Lone Star Yankee, but in recent generations the key figure was George Herbert Walker--called Uncle Herbie by the clan--an investment banker from St. Louis. (Prescott Bush, the current president's grandfather, was also an investment banker before being elected to the U.S. Senate.) Walker's firm, G.H. Walker & Co., bankrolled Bush Sr.'s oil venture in Texas. By the time he became vice president in 1980, the father's fortune was somewhere between $2 million to $4 million. George W., the first MBA president, was much wealthier than his father upon entering the White House--primarily on the strength of the roughly $15 million he cleared on the sale of his shares in the Texas Rangers (initial investment: $605,000).

Well I woke up this morning
On the wrong side of the bed
And how I got to thinkin'
About all those things you said
About ordinary people
And how they make you sick
And if callin names kicks back on you
Then I hope this does the trick

'Cause I'm sick of your complainin'
About how many bills
And I'm sick of all your bitchin'
'Bout your poodles and your pills
And I just can't see no humor
About your way of life
And I think I can do more for you
With this here fork and knife

Eat the Rich: there's only one thing that they're good for
Eat the Rich: take one bite now - come back for more
Eat the Rich: I gotta get this off my chest
Eat the Rich: take one bite now, spit out the rest

So I called up my head shrinker
And told him what I done
He said you best go on a diet
Yeah I hope you have some fun
And a don't go burst a bubble
On rich folk who get rude
'Cause you won't get in no trouble
When you eats that kind of food
Now they're smoking up their junk bonds
And then they go get stiff
And they're dancing at the yacht club
With Muff and Uncle Biff
But there's one good thing that happens

When you toss your pearls to swine
Their attitudes may taste like shit
But go real good with wine


Believe in all the good things
That money just can't buy
Then you won't get no bellyache
From eatin' humble pie
I believe in rags to riches
Your inheritance won't last
So take your Grey Poupon my friend
And shove it up your ass!

Eat the Rich: there's only one thing that they're good for
Eat the Rich: take one bite now - come back for more
Eat the Rich: don't stop me now I'm goin' crazy
Eat the Rich: that's my idea of a good time baby
-Aerosmith “Eat the Rich”


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