Reich is a national disgrace. Stossel puts him in his place.
https://reason.com/2024/09/25/robert-reich-is-wrong-about-billionaires-and-almost-everything-else/
Former Labor Secretary Robert Reich now makes videos, like I do.
In fact, his channel, Inequality Media, is very much like Stossel TV. He also reaches people via social media platforms, gets millions of views, and covers economic topics.
Reich does almost exactly what I do, except Reich is repeatedly wrong.
It's understandable. Despite being frequently introduced as "economist Robert Reich," Reich has no economics degree. He's another liberal lawyer. His videos reflect that.
"Inequality Media" is a catchy name. Americans dislike inequality.
But my new video points out that inequality isn't a conspiracy. It's simply what happens when people are free.
Taylor Swift's a billionaire. Should government force you to listen to me sing to make life more fair?
Reich wants to "ban billionaires" like Jeff Bezos. I don't much like Bezos, but his creation, Amazon, is wonderful. It's lowered prices so much that it cut America's core inflation.
Reich claims Amazon is a monopoly. But Amazon is far from a monopoly. It has to compete with Walmart, Target, eBay, Alibaba, etc. Where there are free markets, we have choices. If we buy from Amazon, it's only because we think it's cheaper or better.
Reich says it is bad that billionaires "get money from rich relatives."
But the biggest study of millionaires found few do.
Bezos got some money from his parents, but most of what he needed to grow Amazon he got from investors. Media "experts" sneered at them for years, because at first, Amazon lost so much money.
Capitalism rewards such risk-taking.
Progressives and liberal lawyers like Reich believe rich people take most of America's wealth and leave little for the poor. Like the Hollywood writers for the movie Wall Street, they call our economy "a zero-sum game—somebody wins, somebody loses."
But that's just dumb.
Capitalists create new wealth. They don't take a big slice of the pie and leave us a sliver. If they get rich, it's because they find ways to bake lots of new pies.
That's what's happened in America. Its why today, even poor Americans have access to things European kings only dreamed about.
Capitalists can get rich only by making all of us better off.
https://reason.com/2024/09/25/robert-reich-is-wrong-about-billionaires-and-almost-everything-else/
Former Labor Secretary Robert Reich now makes videos, like I do.
In fact, his channel, Inequality Media, is very much like Stossel TV. He also reaches people via social media platforms, gets millions of views, and covers economic topics.
Reich does almost exactly what I do, except Reich is repeatedly wrong.
It's understandable. Despite being frequently introduced as "economist Robert Reich," Reich has no economics degree. He's another liberal lawyer. His videos reflect that.
"Inequality Media" is a catchy name. Americans dislike inequality.
But my new video points out that inequality isn't a conspiracy. It's simply what happens when people are free.
Taylor Swift's a billionaire. Should government force you to listen to me sing to make life more fair?
Reich wants to "ban billionaires" like Jeff Bezos. I don't much like Bezos, but his creation, Amazon, is wonderful. It's lowered prices so much that it cut America's core inflation.
Reich claims Amazon is a monopoly. But Amazon is far from a monopoly. It has to compete with Walmart, Target, eBay, Alibaba, etc. Where there are free markets, we have choices. If we buy from Amazon, it's only because we think it's cheaper or better.
Reich says it is bad that billionaires "get money from rich relatives."
But the biggest study of millionaires found few do.
Bezos got some money from his parents, but most of what he needed to grow Amazon he got from investors. Media "experts" sneered at them for years, because at first, Amazon lost so much money.
Capitalism rewards such risk-taking.
Progressives and liberal lawyers like Reich believe rich people take most of America's wealth and leave little for the poor. Like the Hollywood writers for the movie Wall Street, they call our economy "a zero-sum game—somebody wins, somebody loses."
But that's just dumb.
Capitalists create new wealth. They don't take a big slice of the pie and leave us a sliver. If they get rich, it's because they find ways to bake lots of new pies.
That's what's happened in America. Its why today, even poor Americans have access to things European kings only dreamed about.
Capitalists can get rich only by making all of us better off.
