Ed Asner: Founders 1 Percent

Posted by admin on Sunday, August 29, 2021

Ed Asner Money Quote saying Founders were 1 percenters that had money troubles and were debtors – from his book ‘The Grouchy Historian’. Ed Asner said:
 
1 percent of their time. Many spent more than they made. Struggled their entire lives with debt. And, when they could, always married into money Quote
 

“And there you have your Founders and Framers in all their elite glory—the 1 percent of their time. Many spent more than they made. Struggled their entire lives with debt. And, when they could, always married into money. Roughly speaking: more than forty held government bonds. More than twenty were moneylenders. Over fifteen were slave owners. The rest an assortment of land and debt speculators. And most dabbled in more than one category. George Washington, for example, was a slave owner, a moneylender, a land speculator, and the largest holder of government IOUs in the country” — Ed Asner

 

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forty held government bonds. More than twenty were moneylenders. Over fifteen were slave owners. The rest an assortment of land and debt speculators Quote
 
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The quote suggests that the Founding Fathers and the Framers of the United States were part of the wealthy elite, but that many of them struggled with debt and often married into wealthy families.

It’s important to note that this quote is a subjective interpretation of history and may not be entirely accurate. While some of the Founding Fathers and Framers were certainly wealthy, others were not. Additionally, the idea that they all struggled with debt and married into wealth is not supported by historical evidence.

It’s also worth noting that the concept of a “1 percent” is a modern construct and did not exist during the time of the Founding Fathers and Framers. The wealth gap between the rich and the poor has certainly existed throughout history, but the idea of a small elite controlling a disproportionate amount of wealth is a more recent development.

While the quote may be thought-provoking, it is important to approach historical interpretations with a critical eye and consider multiple sources to get a more accurate understanding of the past.

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