BUNK! Why Most of Robert Reich’s Ideas Are Just Wrong

[@melvingibson4525]

Robert Reich has made millions for himself by whining about millionaires

[@jamesdrake2378]

So has Paul Krugman.

[@DragonMasterRH]

Robert reich has a poor name (reich means empire in german)

[@bige2012]

Sound like the democrat socialist in DC.

[@niclash]

Unlike the average entrepreneur, he hasn't made his fortune from providing goods and services that others desire, but simply being part of the theft machine known as government.

[@JohnDoe-ht2bd]

I'm from China and I wanna thank Mr.Stossel for calling out Mr.Reich. Mr. Reich bleats long-debunked talking points that sometimes used in economic textbooks as typical bad policies. On top of that, Mr.Reich strikes people even with just rudimentary understanding of economics and how society runs as naive, childish and painfully shallow. It just shows you that a lot of technocrats in the governments got their position not necessarily by exceptional ability, but quite often by being at the right place, at the right time, and the least atrocious candidate.

[@mladen89ftn]

Per Wikipedia: " In 2020, Reich wrote letters to the City of Berkeley Landmarks Preservation Commission objecting to the construction of ten housing units (including one low-income unit) on a lot near Reich's home" enough said.....

[@ZelenoJabko]

Oh no, this really is an example of a socialist hypocrite

[@Dan16673]

@@ZelenoJabko they ALL are like this

[@laurens8056]

HA! This is great. What hypocrisy

[@skippylippy547]

@@ZelenoJabko Rules for Thee, but not for Me.

[@mjg407]

The way of the left. Its always rules for thee not me

[@GarthGoldberg]

No working man could afford Reich's house in Berkeley.

[@TK-zj7cl]

Yeah and that's the stuff he criticizes... He wants to change the system so working people can afford stuff like that too.

[@toddtravis2596]

​@@TK-zj7clyeah. Thays going to happen.

[@ianmacdiarmid1249]

​@@TK-zj7cl sure he does.

[@plmn93]

@@TK-zj7cl Change starts with the individual. There is nothing stopping him from selling his home at a price "working people" can afford. Well, nothing except his own hypocrisy.

[@JeffPalasek-cw2hv]

​@@TK-zj7clI do not believe you. I accuse you of fudging the truth. I have never read or heard him advocate for a single policy that would allegedly do such a thing. He complains about the wealthy, but he makes no effort to uplift the less wealthy. Especially not in terms of the size & quality of house they can afford.

[@scottwallace3450]

Paul Krugman is one you need to highlight. As my college friend, who is now a Ph.D. Economist, once said, "The only original thought that Krugman ever had that actually was correct and proved to be true was when (Krugman, in early 2009, shortly after Obama took office) said, 'The recession (of 2008) will end by late summer (of 2009), or it won't.'" No matter what you think of Krugman, you must admit he nailed that prediction!

[@michaelcap9550]

He predicted 9 of the last 5 recessions.

[@patdaley9098]

Krugman won a Nobel Prize in economics. Are you saying he doesn't know what he is talking about?

[@paulcolburn3855]

@@patdaley9098 I don't think he knows what he is talking about. And there are some people who won Nobel Prizes that should not have. There is a role for government in regulating economics and capitalism. But if your entire position in life is that government is the ONLY way to fix what might be broken in the economy (as is Krugman's position) then you should not have any position of power or authority. Your mind has calcified.

[@patdaley9098]

@@paulcolburn3855 Where does Krugman say anything like that? BTW, he does not have any authority except in his reasoning.

[@paulcolburn3855]

@@patdaley9098 He has championed those in authority who have no business having their authority. Pure academics (like Krugman) do not have much understanding of business. They just think they do. And in that thinking, they feel they have the right to determine who is best suited to make all the rules.

[@angryzak4389]

It's kinda funny hearing a guy complain about rich people also happens to be a millionaire who charges 45k to do a speech on a college campus

[@terrysweitzer6772]

Hypocrisy is the cornerstone of the left!!!🤣🤣🤣

[@laikanbarth]

Yes!! He wants to redistribute everyone’s wealth but not his money. A shame that he gets to spew his lies to college students.

[@lookilookibuthearingtooi]

He doesn't complain about the rich but the super rich. You can also benefit the system legally and be against it and want something fairer.

[@bostonphotographer20]

@@lookilookibuthearingtooi You sound like a jealous simp

[@bostonphotographer20]

@@lookilookibuthearingtooi But nothing he says is based in reality. He's a hypocrite

[@lr4165]

Kudos to Stossel for pointing out that Reich is an ideologue lawyer, not an economist.

[@sheridan140]

Stossel's a hack that couldn't hold a job at even a semi-reputable company. Paid to tamp down any dissent that might actually inform people. Glosses over "jobs ceeated" (even if overseas) and "unemployment down (even if people need 2-3 jobs and still barely if at all getting by). Reich explains how the govt and the corporations collude to keep jobs out of the US when possible (to pay some 3rd worlder pennies, vice an American an actual salary and benefits). Reich explains how unaccountable and life-appointed judges decide on cases in which they benefit. He explains how wages are kept increasingly lower than prices and costs of living as the govt is paid to allow monopolization and free reign to charge us $1K for an aspirin.

[@AneeshJoshi]

*ideologue

[@Daniel-rb9fe]

He studied PPE at Oxford which includes economics classes.

[@lr4165]

@@Daniel-rb9fe He studied Personal Protective Equipment? Impressive.

[@Daniel-rb9fe]

​@@lr4165 Are you ignorant on purpose? PPE commonly reffers to philosophy, political science, economics studies.

[@pinerider19]

As an Econ student, calling Robert Reich an economist is an insult.

[@edwinamendelssohn5129]

He's a Marxist

[@jimk9213]

Then you are definitely not educated in regard to US economics and if you are, you should request your money back!!

[@edwinamendelssohn5129]

@@jimk9213 Take money from the rich is not economics. It's Reich's mantra.

[@ErnestAkoni]

And when did you serve as Secretary of Labor and for what University to you lecture Economics at? Never and None? Thought so.

[@BigD4Real.]

@@jimk9213 you literally are making no point.

[@YD-uq5fi]

Robert Reich : "Billionaires are bad even if they brought value to millions of customers." "But ex-government people getting $100,000 for a 30 minute speech is totally cool. So is making $8M getting on a blue-chip board to peddle influence."

[@SeraphsWitness]

All these goons complain about millionaires until they become one. Then they start complaining about billionaires.

[@foxhound34]

Anyone who refuses an interview to defend their ideas knows deep down that they are full of hot air and do not want to be called out on it and made to look stupid.

[@jeremykraenzlein5975]

Are you talking about Reiche, or Harris?

[@foxhound34]

@jeremykraenzlein5975 Reiche, but in general, anyone who refuses an interview with Stossel is pretty much doing so because they know they can't justify their ideas.

[@jeremykraenzlein5975]

@@foxhound34 Now I'm curious, has Stossel asked to interview Trump and Harris? At this late point in the campaign, it would be a serious issue that a presidential candidate's time is limited and their most precious resource. But if time allowed, I could see Trump doing it. He has already addressed the Libertarian party convention, something that Republican and Democratic nominees normally don't do. Does anyone seriously believe that there is any chance that Harris would agree to an interview with Stossel?

[@sirbrad2336]

You're being too kind to Reich.

[@snakeplissken9587]

Reich complaining about individuals taking advantage of monopolies but ignores the Government is the worst monopoly of them all

[@buckiemohawk3643]

i worked for a government funded company it was mismanaged and at times caused more problems and wasted money

[@Bob_Adkins]

There's no one to answer to, so they can steal and get away with it.

[@water2770]

...and that there are plenty of economic arguments that monopolies can only exist because of the government

[@zarach9459]

​@@water2770 In fact, a monopoly cannot exist without the support of the government that is the silent partner of that monopoly, in pre-revolutionary France there were numerous monopolies administered by merchants but granted by the crown, for example the salt monopoly, only those authorized by the crown could import, buy and sell salt wholesale, salt smuggling from Poland was a very serious crime.

[@danieldow9385]

And if I may paraphrase someone famous, it is the only monopoly that comes to the party with a gun.

[@Riggsnic_co]

The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?

[@Jamessmith-12]

Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.

[@JacquelinePerrira]

I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m

[@kevinmarten]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@JacquelinePerrira]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@kevinmarten]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@aliadeeb6859]

I forgot Taylor Swift was a billionaire. I wonder if the next leftist that talks about banning billionaires will show her picture in the upper right corner of the screen

[@aaronmayberry]

Billionaires who create wealth by creating an amazing product or service = literally the worst people Billionaires who create wealth from making music or playing pretend on camera= YASSS QUEEN!

[@lookilookibuthearingtooi]

Taylor Swift was a Republican and only became a Democrat to make more money. And yes, you can be a fan of music and critisize that she is a billionaire.

[@tobybigham4196]

@@lookilookibuthearingtooi What is the point of criticizing someone who put in the hard work to get where they are at. Say what you will about entertainers, but if it was easy they would all be millionaires. However, the reality is starving artists are in the 95% majority. Instead of focusing on what other people are doing, successful people focus on themselves. The goal is to figure out what strategy will work. What gimmick will people be willing to pay for!

[@Kilgore6549]

Same with Oprah.

[@WarLord645]

Nope, she's "one of the good ones" cuz she's a democrat

[@Red_Four]

He must have taught AOC's "economics" class, which would explain why she says the same stupid shit.

[@tobybigham4196]

Your assuming that young Bar Tender was actually paying attention.... lol

[@LagrangePoint0]

@@tobybigham4196 she spend a lot of time working hard.... on her knees to get her grades.

[@MicahThomason]

If AOC was 50 years old and over weight, we wouldn't even know her name.

[@RJ1999x]

​​@@MicahThomason Who? Lol

[@Minpb-m2x]

You hear these people talking about economic justice. If some people are hard working and ambitious and willing to take chances, and they enjoy more success than people who have none of those characteristics, isn’t that justice?

[@cwkay6847]

I always find it ironic that he talks about the inequality of ceo to worker pay, but never talks about his pay compared to his students.

[@Cyrus992]

Or even high government employee salaries

[@timmytrex3316]

RR reminds me of Bernie Sanders. Doesn’t mind making their wealth off of capitalism but wants to tell you that capitalism is wrong. Clowns. Only a fool believes both of them.

[@lookilookibuthearingtooi]

His students don't get paid to be students. Do you even think about your opinions?

[@lookilookibuthearingtooi]

@@Cyrus992 That's included when he talks about these things. He just gives one example. Can't your brain handle that?

[@lookilookibuthearingtooi]

It's not a job to be a student. Bad example, dude.

[@danieldoucet8687]

I thought we got rid of the Reich in WWII.

[@capncake8837]

These evil ideologies always stay alive in one form or another.

[@Johnny_Cash_Flow]

"If Socialists understood economics, they wouldn't be Socialists." - F.A. Hayek, Nobel Laureate economist.

[@sstritmatter2158]

👍

[@seniorbob2180]

Unfortunately, this isn't true. Dr. Thomas Sowell remained a socialist even after he attained his doctorate in economics. When he started to work for the government, he came to realize that these government employees don't actually care about making the world a better place, they just want easy well-paid jobs, even at the expense of the well-being of the civilization and its people, and thus he rejected socialism. With that said, Mises' essay 'Economic Calculation in the Socialist Commonwealth' (1920) has yet to be refuted by the socialists. I wonder what Dr. Sowell, in his socialist days, would have said to that.

[@FOMC6780]

If democrats or politicians in general understood economics the country wouldn’t be in Debt!

[@JonHulett]

Socialists capitalizing on anti-capitalism, do poorly in socialism. Because they have no value.

[@ralphp3057]

@@FOMC6780 Exactly! 👍

[@viveviveka2651]

When Reich talked about "reining in" Elon Musk, it really hit me. Who does he think he is? Along with his cohorts, he's going to control and manage Elon Musk? And other people? You and me? All of us? Society in general? What an arrogant, deluded, ego-ridden, grandiose little loudmouth. He's not in charge of us, and he isn't in charge of our freedom.

[@fishfoolishness4222]

Yes, the left does want to control and manage the rest of us. They think they're smarter and wiser than you and me so its there right to decide how we live. 😫

[@Porcupine19]

Yep. That is exactly his and others like him, plan.

[@lookilookibuthearingtooi]

You seem very paranoid.

[@Iflyagrasshopper]

Can’t have these out of control capitalist running amok.

[@larryhendrixson3651]

You describe him perfectly, except you left out “hypocrite”. I’m pretty sure he owns an investment portfolio of some kind, so he should immediately divest, sell his home, give all his money away to the poor and live off of social security.

[@chrispowell1224]

I like to say, "If you want to destroy Amazon, simply stop shopping with Amazon" No one has taken me up on the offer.

[@Tagishlicht]

I've heard it is a fool proof strategy. Then again I still see Amazon packages showing up at the home of the family that has an 'eat the rich sign.'

[@Mostlypeaceful896]

Sometimes there are books that I can only get on amazon. Other than that I don't need amazon.

[@JamesBLonde0059]

I’ve been saying something similar about Tesla. The people who hate Musk buy his cars. The people like Musk DON’T buy his cars. Ironic isn’t it?

[@noisjero]

lmao brain dead take, imagine killing worldwide-spread corporations by not using them

[@yoojin-oi8ij]

@@Mostlypeaceful896 ....... When you've finished reading them, please give them to RR to sit on so that he can see over the steering wheel.

[@l1bertymax1mus]

Glad someone’s calling this pundit out

[@Gt350_]

Exactly!!

[@Deontjie]

I am from South Africa, We are already manufacturing specific car models for BMW, VW and Toyota, for the whole world, while importing others models from the same brands. Thanks to BMW, VW and Toyota. I would like if other manufacturers exploit us more by building factories here. Please do. Please do a lot more.

[@Bob_Adkins]

@@Deontjie My employer exploited me for 35 years, and now I get a big fat wad of money every month for life. 🎵Nobody knows the trouble I've seen...

[@Pseudify]

I’ve been doing it for several weeks but unfortunately my reach is quite limited compared to Stossel.

[@MrRay2499]

@@Bob_AdkinsThat’s wonderful for you Bob, sincerely it is. But, how many private jobs in the US offer pensions these days?

[@hunterpinnell6254]

Robert Reich spent years making a complete fool of himself in Washington. I guess he wasn't done. What a buffoon

[@georgemoller2206]

I was thinking about what to say about this boob but you captured the essence perfectly.

[@GNewcomb-q9v]

Really? So I guess being part of the administration that got the country in the black isn’t a good one? If you would have a damn open mind, instead of believing what these right wingers tell you, you would learn a whole lot!

[@n9wox]

Robert Reich is not an economist but plays one on TV.

[@normbograham3]

Robert Reich made his money in politics. Not economics.

[@jeremykraenzlein5975]

"The economics you are about to see are purely fictional, and any resemblance to actual economic realities are purely coincidental".

[@thepagecollective]

Like Jon Stossel.

[@n9wox]

@@thepagecollective John Stossel interviewed economists for this report.

[@jeremykraenzlein5975]

@@thepagecollective I'm not sure what Stossel's credentials are, but unlike Reiche, he generally does make economic sense. I don't always agree with Stossel, but I've never seen him say anything completely nonsensical to anyone who understands how supply and demand curves work, like Reiche does all the time.

[@BAR787]

LOVE this approach of calling out people propagating, misleading, and false information on social media. Keep this up. Every few videos document another social media influencer and debunk their lies. You will see a huge spike in subscribers as a result of exposing and allowing people to share what you found with these “influencers”

[@bodontknowsuperbowl]

If someone does inherit money, what is wrong with that? If I can choose to spend money on myself, why can't I choose to pass it down to my children?

[@ronaldlindeman6136]

The heart and soul of economic Libertarianism isn't Liberty, it's theft. Libertarianism is to treat stealing and taking from 5,000 years of human civilization as a Libertarian entitlement and free stuff. Billionaires living today would be hunter-gathers 5,000 years ago. If you didn't invent the Language, don't use it. If you didn't invent the alphabet, don't use it. If you didn't invent the printing press, don't use it. If you didn't invent Science, don't use it. If you didn't invent machine created power, don't use it. If you didn't invent electricity, don't use it. If you didn't invent electronics, don't use it. We can trace the history of contributions and increased knowledge of the natural world, from the ancient Greeks, to middle ages in Europe. From Aristotle, Nicolaus Copernicus, Francis Bacon, on their contributions to Science. Michael Faraday on electricity, Nicolas Léonard Sadi Carnot on contributions to thermodynamics. Scientific History can show 10,000 contributions to the development of electricity, including a minor contribution by Benjamin Franklin showing static electricity and lightning are the same thing. What is an honest Libertarian to do? Take a rock and a stick and tie them together with a rope, to make a mallet, and head off into the wilderness, never to be heard from again. That would be an honest Libertarian. A liar Libertarian is someone who gives no credit to civilization, the advanced Scientific knowledge and advanced economy that we humans have inherited. It is the person who puts the contribution of civilization at zero who is out of step with the actual world and reality that we live in.

[@daddyinacaddy]

The presence of choice isn't innately a presence of virtue or logic. You should have the right to accept an inheritance and give your children children one, but it's still wrong in my eyes and you and your children should feel guilty about it and if not, society should wag their winger at you and your children to ensure that guilt. My hopes are that the institution of shame (not government) makes being a nepo baby (or daddy) so mentally and socially expensive that it they become obsolete. Why? 1. The Inheritances eat away at the ambition of your children. They've already inherited the most important tools for success: your values (arguably the most important) and your social networks. If they can't succeed with that you're just putting your money into an Affirmative Action Fund that ultimately fail and for what? You're better off setting up a trust to give it away to children from disadvantaged groups based on their MERITS. 2. We don't need yet another excuse for uninformed and willfully ignorant socialist to "equalize" our economy.

[@vladdumitrica849]

Unfortunately, the day has 24 hours for everyone, so how much can you work to earn hundreds of times more than employees. We live in a society so a small part of the wealth comes from your work and a larger part from the work of other people. Let's imagine what it would be like if you were alone on this planet, probably the standard of living would be that of the stone age. In reality, any relationships in a free market are power relationships, in which some lose and others win, like a game of Monopoly. In a small community, where people know each other, you can't get rich because you can't profit too much from others, you'll be marginalized, you'll be seen as a miser, greedy and selfish. Anyway, those who made major contributions in the evolution of society, with few exceptions, were not rich people, and in no case obscenely rich. In ancient Rome, the citizens, angry at the way those with money treated them, decided to leave and found another city. When they saw that they were left alone, the rich realized that money itself has no value and that someone has to work to earn a living. As a result, they went after them and promised them that they would change the way they govern, allowing the citizens to participate in decision-making. This is how democracy began in ancient Rome

[@ronaldlindeman6136]

The heart and soul of economic Libertarianism isn't Liberty, it's theft. Libertarianism is to treat stealing and taking from 5,000 years of human civilization as a Libertarian entitlement and free stuff. Billionaires living today would be hunter-gathers 5,000 years ago. If you didn't invent the Language, don't use it. If you didn't invent the alphabet, don't use it. If you didn't invent the printing press, don't use it. If you didn't invent Science, don't use it. If you didn't invent machine created power, don't use it. If you didn't invent electricity, don't use it. If you didn't invent electronics, don't use it. We can trace the history of contributions and increased knowledge of the natural world, from the ancient Greeks, to middle ages in Europe. From Aristotle, Nicolaus Copernicus, Francis Bacon, on their contributions to Science. Michael Faraday on electricity, Nicolas Léonard Sadi Carnot on contributions to thermodynamics. Scientific History can show 10,000 contributions to the development of electricity, including a minor contribution by Benjamin Franklin showing static electricity and lightning are the same thing. What is an honest Libertarian to do? Take a rock and a stick and tie them together with a rope, to make a mallet, and head off into the wilderness, never to be heard from again. That would be an honest Libertarian. A liar Libertarian is someone who gives no credit to civilization, the advanced Scientific knowledge and advanced economy that we humans have inherited. It is the person who puts the contribution of civilization at zero who is out of step with the actual world and reality that we live in.

[@firstLast-jw7bm]

@@vladdumitrica849 easy way to test this, leave your company and start your own and bring your pals with you because their work is so valuable and then equally distribute the (doubtlessly) large profits

[@ab-zi8gm]

Of course he will refuse to be interviewed by any critic. Only MSNBC, CNN...

[@pazirandeh]

"Capitalism even makes its critics rich"

[@billstrasburg384]

Capitalism died in the 1930s. The government controls the market now.

[@electrolytics]

Heh heh...That's beautiful and so true.

[@buckchile614]

"And its cheerleader's even more so." Why does Capitalism need lobbyists then?

[@billstrasburg384]

@@buckchile614 There is no lobbying under Capitalism. Do you guys even know what Capitalism is? It's a free market economy without government interference in the form of regulation, taxes, or subsidies. People lobby government bureaucrats. There wouldn't be any government bureaucrats able to manipulate the markets if we had Capitalism. Capitalism died in the 1930s.

[@morefiction3264]

Envy. Since some can be more successful when free, i.e. Capitalism, others envy and want to tie the successful down by destroying the freedom that made them rich, not realizing they're acting out the parable of the goose that laid the golden egg.

[@SilverSmurfer-fn5pr]

Robert Reich always comes up short.

[@melissadeloach8503]

Teehee 😂

[@JoeMama-bk7rd]

That's what she said

[@samuelokirby]

not funny

[@Iflyagrasshopper]

Well ain’t that the truth!

[@kevinharvey4991]

Lord Farquaad

[@DonkeyKong64InstructionBooklet]

He won't respond because, like other people of his caliber, he knows his ideas can't stand up to actual scrutiny by intelligent people.

[@robrobets7813]

True, the only way he would engage in a debate is on a 5 vs 1 CNN panel with Stossel as a guest. Where they would all simply over talk Stossel whenever he made a compelling statement or asked a grounded in reality, solid question. Like Kamala, these Progressive "geniuses" all like to hide behind the skirts of their Lefty Media allies, when confronted with actually having to defend their positions.

[@reignmkr64]

Stossel is nothing more than a TV personality. Meanwhile: Reich has been the Chancellor's Professor of Public Policy at the Goldman School of Public Policy at UC Berkeley since January 2006. He was formerly a lecturer at Harvard University's John F. Kennedy School of Government and a professor of social and economic policy at the Heller School for Social Policy and Management of Brandeis University. In 2008, Time magazine named him one of the Ten Best Cabinet Members of the century, and in the same year The Wall Street Journal placed him sixth on its list of Most Influential Business Thinkers. And Stossel thinks he's in the same league because he has a couple of best sellers and is on FauxNews? Laughable.

[@nicolasceresoli9121]

​@@reignmkr64 we can also get an equal equivalent level of accolades for Trump, but you are still hating on him like you have feelings any left wing thinker who makes their millions being hypocrites. The same ones who would scream on companies like Amazon while still ordering their stuff from Amazon. Basically, he received those accolades and live off them on the expense that he is thinker who never owned and managed a single business, but is good enough to give revolted college kids a "reason" to be revolted while sucking on MSNBC's word by word graces.

[@rmoojet157]

​@reignmkr64 uh huh but Reich is still a socialist duche bag.

[@aesop1451]

Robert Reich, Richard Wolff, Paul Krugman, John Stossel, Ayn Rand, Milton Friedman, and Murray Rothbard. All ✡. Read Friedrich List and Alexander Hamilton instead. Finance capitalism=Futures, derivatives, and usury.

[@stanbartsch1984]

It's like Bill Maher said when it was revealed that 1% of artists get 90% of the playtime on Spotify. "We're free to choose, and our ears work." Making anything egalitarian means removing freedom.

[@girtss457]

If there is only monopoly- then your right to choose only option- monopoly is no actual right to choose. Examples are quite many. And with time- quality suffers since monopolies start to go into politics like "Ring of power", all of Disney shows that are bombing and so much more.

[@gregpeterson4348]

A train is free to go wherever it wishes, provided it follows the tracks.

[@girtss457]

@@gregpeterson4348 And the government has to analyze existing tracks that the wealthiest is taking and equalize the tax distribution so that the poorest does not pay more percentagewise in tax than the rich regardless of the total tax amount. Society benefits only if there is incentive and opportunity for new enterprises to emerge and challenge the old players. What time show is that there always is present cycle- competition, oligopoly- monopoly price rises due to lack of competition, product destruction due to personal agendas at the top- audience force-fed the product that audience does not want or enjoy due to non existing alternatives. One example- if black rock owns more than 50% of family houses and apartments in us - it would be just logical to invent progressive tax that you pay 1% more for every subsequent property as real estate tax and certain cancerous organizations would just disappear.

[@ComedyByAlan]

Or when Maher calls himself a comedian

[@SeraphsWitness]

@@girtss457 Many examples? Name three.

[@duckpwnd]

The guy who invented Minecraft became a billionaire simply by making a video game that a lot of people loved. And, even if you don't think they deserve their money, why does anyone else or the government deserve it? The entire premise of "they don't deserve it" implies that the government is some extremely wise and moral entity who is justified in seizing your wealth and distributing in a way that they see fit. They see government as god.

[@patdaley9098]

You don't get rich on government pay.

[@SilentStormParadox]

KZbin recommended his videos to me about 7 years ago when I started trying to understand the world better, and from the start I could tell something was off about his ideas. I don't want to be controlled and I don't want to control others. I just want government to keep me safe from violence and theft and fraud and slander. After that let people be what they will be.

[@robot336]

We are not forced to give millionaire's money like we are forced to give the gov money .

[@yoojin-oi8ij]

WORD !!! (Do the kids still say that ? Oh, F' the kids !)

[@lookilookibuthearingtooi]

What about Bill Gates? If you wanted Windows you have a to give him money.

[@michaelbone6894]

​@@lookilookibuthearingtooi If you want something from someone else you generally need to compensate them...

[@lolwtnick4362]

see thats the illusion. the illusion of choice.

[@tobybigham4196]

@@lookilookibuthearingtooi You might be a little young to remember computers back in the early 1980's but there were a number of choices, though only certain ones were really good at organizing business. But I worked off of free copies of DOS and WIN.3x for years. But if you want to do actual business and not get sued for stealing, then yes you buy your licenses. That is capitalism in a nutshell, and it allows many people to get rich! How do you think Bloomberg got rich? Hint: He used Microsoft software to put together his terminals.

[@pedroascencio_]

I love you Stossel 👌🏻👌🏻

[@SomeCanine]

Reich didn't get a degree in economics. He studied "Philosophy, politics and economics". It's a fancy way of saying "Communism". It's the opposite of learning about economics.

[@timothykeith1367]

Kamala Harris has a degree in political economics at Howard University

[@timothykeith1367]

Kamala Harris has a degree in political economics at Howard University

[@neovenom7187]

He is the classic champagne socialist. made money by kissing *ss in politics.

[@thomasluby1754]

@@timothykeith1367 We heard you the first time.

[@xardozz]

I have a degree in Political Science, Criminal Justic, and Public Administration... and I will say Reich is wrong on ALMOST everything. He is a propagandist.

[@joelnorman9294]

The actual injustice is not billionaires who get money from relatives; it is those who get a leg up from government cronyism and protection.

[@leofortey7561]

a.k.a. insider trading ;-) Or, back door deals. Or, handouts. Gov't is a great tool for taking from the many and giving to a few. Gov't is the ultimate Ponzi scheme.

[@KAZVorpal]

Yes, like Google, Facebook, and the other entities established from the start by three letter agencies to violate privacy and censor.

[@buckchile614]

You mean like the billionaires that get both. 'Socialism for the Rich, rugged individualism for everyone else.'

[@MrRay2499]

@@buckchile614Yes, that is likely exactly what he means, and he’s 100% correct.

[@mancavedecorations8158]

Like Reich

[@BellinghamOtto]

I'm 56 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@MartinesGuziczek]

I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@TaylorGaston-z9n]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation

[@JOEY-HUFF]

I was a late bloomer,but Mary Callahan Erdoes Services, my financial advisor helped me bring it all together and got me into crypto. Now retired for 6 years at 72, my managed portfolio with Tracy generates about 9k a month on average more than my RMD on my retirement accounts. Not real big, but together with SS we're able to live reasonably with 160k a year. While being mortgage free.

[@JOEY-HUFF]

She is really a good investment advisor. Was privileged to attend some of her seminars.that's how I started my own crypto investment

[@JOEY-HUFF]

Well her name is 'Mary Callahan Erdoes Services '. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@charlesyoung2530]

He's not wrong about most everything,he's wrong about everything.

[@donswearingen9805]

There is all the difference between treating people equally, and trying make them equal. F. A. Hayek.

[@Silver77cyn]

The problem is a lot of people haven’t been treated equally, because of systemic racism.

[@donswearingen9805]

@@Silver77cyn Define "Systemic Racism." "Racism is not dead, but it is on life support - kept alive by politicians, race hustlers and people who get a sense of superiority by denouncing others as ‘racists” Thomas Sowell. "Civil rights laws were not passed to protect the rights of white men and do not apply to them" Mary Frances Berry, Chair, Civil Rights Commission, Clinton administration.

[@edwinamendelssohn5129]

@@Silver77cyntoday they are treated preferentially

[@Silver77cyn]

@@edwinamendelssohn5129 And WHY do you think that is the case?

[@Silver77cyn]

@@donswearingen9805 A system that discriminates on the basis of race. A good example is the racist red-lining laws that prevented minorities from getting the majority of house loans in the 40's and 50's that contributed to the baby boom, and thus those minorities were never able to acumulate wealth like theri white contemporaries. And of course civil right laws were not made for white people, they literally weren't facing discrimination from a system that benefited them, get a clue. 🙄

[@oneFreetinker]

If Robert didn't have a soap box to stand on, no one could see him.

[@peterlewellyn2389]

Now that was witty and funny

[@DavidBenner-cy4zl]

If Reich had a soap box to stand on, he could qualify as a short man.

[@ericsimonson8540]

😂

[@peterlewellyn2389]

@@oneFreetinker if Reich had a soap x to stand on he couldn’t get on it.

[@DavidBenner-cy4zl]

@@peterlewellyn2389 he would need lifts in his high heels just to get on a ladder to climb onto the soap box. 😁😆😅😂🤣

[@pjdepaolisii]

He's a bum, always has been.

[@Slim-Pickens]

He's an honorary member of the elite, he is, although I think they just keep him around for entertainment value.

[@nickpolizzi5897]

Little Bobby is a marxist.

[@lookilookibuthearingtooi]

Because he disagrees with your views? You don't even have an argument. You just insult him.

[@tobybigham4196]

@@Slim-Pickens Realize this was Carter's Labor Secretary. For those of us that are old enough can tell you some stories about unemployment and economic instability back in 1978! Back then Democrats were more sane, but that whole administration was just socialists blundering around without a plan!

[@edwardcuevas6974]

@@lookilookibuthearingtooi Throughout human history, stupidity has always been a point of ridicule.

[@tedntricia]

Rock on, John! You make us all smarter.

[@shawnmason8543]

Robert Reich’s net worth is between $4-$5 million. 😂😂😂 Guy it’s bad to make money unless you are spewing liberal BS.

[@MarkushaX]

Just like Bernie, he is only against billionaires, but absolutely fine with millionaires.🤣

[@jjd-lx5vr]

That’s kind of a pathetic net worth for a guy who did the jobs he did. Maybe he’s a bit salty that he squandered his life’s income.

[@mtbtrailrider6653]

so is john stossels net worth about the same.

[@toddtravis2596]

​@mtbtrailrider6653 is he complaining about people making money?🙄🤡

[@shawnmason8543]

@@mtbtrailrider6653 maybe but he doesn’t blow liberal smoke up the hard working people’s rumps. 😂

[@LoavesofBread]

Government deficit spending causes inflation every time

[@BryonLetterman]

Even the word "inflation" refers to the amount of money that's printed by the government, reducing its scarcity and it's value. Things are only valuable if they're scarce

[@RussellNelson]

Not if they're borrowing the money, but they're not. They're just printing up new money from nothing, that doesn't reflect any new value being created.

[@Monaleenian]

@@BryonLettermanSlight correction. It’s the Federal Reserve that creates money. No branch of the government has the authority to create money.

[@GodsOath_com]

I remember him as labor secretary. When he was secretary he said the hardest thing about DC is being able to get information. He was ineffective as labor secretary.

[@CaryClancy]

You’re wrong about the Snake River Dams. Salmon need a place to spawn upriver after they pass the Dam. They cannot spawn in the artificial lake behind the dam. Salmon need a natural flowing river or a salmon hatchery. This why these Dams must be removed.

[@M0rmagil]

RR is the like a doll with a pull string that just says “Corporate greed! Corporate Greed!”

[@cl5619]

“Trickle down economics bad” Now let’s take everyone’s excess wealth, put it in the hands of a few (government), and have it trickle down to ya’ll

[@JeffPalasek-cw2hv]

​@@cl5619Seriously. And allowing people to keep the wealth they earned is not something that anybody should need to defend. The fact that the rich reinvest so much of their profits should be hailed as an act of charity. They are letting other people use their wealth when they aren't using it.

[@Rambleon444]

Never government greed. Guys like RR believe money should be controlled by a centralized government not by the individual who earned it.

[@sampleowner6677]

That's what you hear from liberals all the time. They hate businesses and especially big business.

[@cl5619]

@@Rambleon444 we already have that. Government takes about half of everyone’s income, particularly true of blue states. And what do we get in return?… a trickle… why aren’t we already getting the great returns on socialism?

[@dodgeman4360]

I always felt Reich was just a whiny child. And we all know how ignorant children are.....

[@johnkrstyen]

Well most children over 8 years old are bigger than he is.

[@lookilookibuthearingtooi]

Funny how his critics always use insults but never a proper arguement. Makes you seem pretty....well.....

[@joejoe5486]

The proper argument against Reich is this Stossel video. Did you even watch it?

[@Silver77cyn]

Ben Shapiro?

[@BobWills-j2y]

@@lookilookibuthearingtooi stossels argument seemed pretty "propper" it was well researched and well delivered.

[@jadoyon]

The definition of inflation is literally that the value of your dollar goes down because there is more money.

[@YD-uq5fi]

"Third" has always been a weird piece of work. His nickname "Third" is because : i) He stopped growing in the third grade. He was the same height as the other kids in his class, but then he just stopped. ii) His economic polices are identical to that "Third" regime in Germany from WW2.

[@Slim-Pickens]

Robert Reich is "in the club" so he can do/say anything without scrutiny. The end.

[@terrysweitzer6772]

Truth!!!

[@lookilookibuthearingtooi]

What is anything? Expressing his views?!

[@Slim-Pickens]

​@@lookilookibuthearingtooi Excessively stupid, and unAmerican ideas. Without scrutiny from the left.

[@nudracodad738]

Robert Reich is a communist - that's why he is constantly wrong - very clear for me.....What else is new?

[@jameslasso1690]

His only “product” is horse manure

[@potatonate760]

My 12th grade government teacher was a hardcore progressive and made us watch his documentary. She was trying to push this bullcrap agenda down our throats

[@stewartabernathy6436]

You should have disected his logical falicies for her. Well on 2nd thought don't listen to me being liberal she might have failed you. 😂😂😂😂

[@n9wox]

You should have suggested a one-to-one match: a Stossel or Prager U video for every Reich video.

[@potatonate760]

@mr.mithmoth for context I grew up in California 😂

[@bills5009]

That's child abuse!

[@kommisar.]

Now we know why DeSantis has been so keen on setting his state's curriculum to ban such teachings.

[@mellochord]

I did not know he wasn't an economist. I might have guessed. He wears that title like a fancy suit that's way too big for him.

[@bobby-ov9qn]

And Jill Biden isn't a Doctor either.

[@vipero00]

RR at one interview post Clinton said that it is alright to lie in political situations. To him everything is a political situation.

[@ViktorL595]

W vid. His audience NEEDS to see this!!!

[@rossryder944]

My guess is that this video will not get Reich to respond to your request for an interview.

[@angryzak4389]

Absolutely not. He never goes into a hostile environment. He only goes to media personalities that praise him and spread his false ideas

[@terrysweitzer6772]

He can't, his ideology is indefensible!!!🤣🤣🤣

[@jgelt]

Billionaires don't take half my paycheck. Government does.

[@mardbalasy6671]

Billionaires do another half. But if you look deeper as they own the Government, it becomes 100%.

[@GreenIsKey]

I don't know, when I look where I spend my money, it mostly goes to goes to Amazon, Exxon, JP Morgan Chase, and Publix Super Markets ( owned by a billionaire)

[@gd7783]

@@GreenIsKeyThe government controls interest rates and taxes. That's where more then half of our money goes.

[@jgelt]

@@GreenIsKey You choose to do that.

[@chrisstromberg6527]

@@jgelt When you don't have choices, its a problem and that is GreenIsKey's point. In order for a free market economy to work, there needs to have competition. If you don't have competition, you don't actually believe that corporations are just going to lower prices to make you happy, or do you?

[@mississippichris]

Reich is the nation's most consistently wrong pundit.

[@RichardRennes]

Jim Cramer is vying for that title.

[@kipdellinger]

tough race between him and krugman

[@ResortDog]

Actually all the agenda propagandists are equally guilty and just as evil as the next.

[@bills5009]

@@kipdellinger My thought exactly.

[@rexlupis]

@@kipdellinger Funny how socialist "economists" are consistently wrong with their predictions. Maybe it has to do with their fundamental assumptions? "No!", they say, "It must be the data that is wrong!" The fact people like Krugman, Reich and Cortez have infiltrated the field of economics shows how debased modern academia and economics has become.

[@the_oc_brewpub_sound_guy3071]

I've never seen a robert reich post that I didn't argue against.

[@cappyjack3070]

I've been trolling Reich every chance I get. Great job John Stossel!

[@kenham6742]

"I hate billionaires. I wish I was a billionaire." Jealousy doesn't make you right.

[@BobWills-j2y]

Bernie Sanders is prime example , railing about "millionaires and billionaires" till he made his first million now he doesnt include "millionaires" as he said "i earned it"

[@YD-uq5fi]

But it does make you REICH.

[@patdaley9098]

@@BobWills-j2y Sanders had a best selling book. Are you saying he shouldn't get paid for it???

[@dkeith45]

All you gotta do is spend a few days reading up on what became of Zimbabwe, then Venezuela, once they started taking over local industries and printing too much paper money to realize ppl like RR are completely FOS.

[@TheCarnivoreSoprano]

And that's where we are headed.

[@kennethflores-hv7uf]

And then the wealth escapes and misery becomes the norm. Grave robbing became a thing in Venezuela in efforts to find valuable loot.

[@davidharris453]

You are all three completely clueless about what happened to the Venezuelan economy. It doesn't take but a little research on the internet to unravel what went wrong. Chavez came into the presidency on the promise of a job for all, but the government only nominally controlled the nationalized oil business. Most of the different economic sectors of the country served as personal cash cows for high ranking capitalist members of the military and other powerful elites. So to fulfill his promise of jobs for all he simply loaded up the number people it took to do any job in the public sector. Venezuelan oil went from the least expension to produce to the most due to a bloated workforce. This in turn created a thriving economy, more jobs elsewhere in the economy and booming demand for goods and services. Unfortunately, when the upward spiraling demand for oil began to slump and prices declined dramatically this was unsustainable and government coffers were quickly exhausted without taxation from private sectors. Massive government layoffs sparked inflation and the capitalists refused to surrender their profits to halt runaway inflation in the short term and the rest is history.

[@kennethflores-hv7uf]

@@davidharris453 you’re making assumptions on calling people clueless and albeit disrespectful. I’m aware the issue to their poverty issue is a bit nuanced here, but overall taxation and confiscation was a thing in Chavez’s evolving socialist economy. With the exception of Chevron which still operates with autonomy to a certain extent.

[@PeterProf7777]

I teach U.S. Economic History. During the era of industrial concentration (industrial revolution from 1866 to 1910, prices fell drastically across the board. This contradicts what Reich says. The government kept the money supply constant with the gold standard. The only problem were the defaults of loans that hurt the economy.

[@AflacMan13]

Reich's last name fits his ideology.

[@GuldeScott]

He's not German. He's ethnically Jewish.

[@lookilookibuthearingtooi]

How do you get from wanting a fairer system to Hitler?!!

[@russell-gt1dy]

Turd Reich

[@russell-gt1dy]

​​@@lookilookibuthearingtooiStatism .. give all your earnings to the State like a good pleb.. hardly 'fair'

[@MrConcord75]

@@lookilookibuthearingtooi you're either related to Robert and trying to bait us, or just dumb.

[@gorillapermacuture]

You are the man Stossel! Thanks for all of the hard work you do! Aloha

[@stevenhanson6057]

He’s busy calling conservatives Nazis. Yet his definition fits HIS ideas!

[@timothykeith1367]

Robert Reich got rich complaining about the rich.

[@dralscustomcolures1095]

Reich talks, I stop listening.

[@lookilookibuthearingtooi]

Can't deal with facts?!

[@joejoe5486]

Can definitely deal with facts. Will not tollerare ignorant hypocrites and stupidity. If Reich dealt in facts this video and this comment section would not exist.

[@michaelrains64295]

I listen to him to understand the manure he spreads because sadly far too many listen to him a buy it because it agrees with their ignorant preconceptions. Know your enemy.

[@jeremykraenzlein5975]

I listen to him. I wonder if he will ever say anything that makes any economic sense. Perhaps someday he will. I will keep waiting until then, but I most certainly will Not be holding my breath as I wait.

[@MrRay2499]

@@joejoe5486It’s ironic then that you apparently listen to Stossel who is undeniably a propagandist for the wealthy.

[@mattharmon3838]

He's a socialist.

[@jjman533]

Yup he's angry height wasn't distributed equally to him.

[@Despiser25]

of the Nazi variety. He thinks he is Oskar Schindler.

[@cl5619]

@@mattharmon3838 yes but trust him… he’s not a StalinMao kind of socialist. He just wants government to take your stuff and give you a vote on which socialist politician gets to run his ideal central planned economy.

[@billjones8542]

i disagree, he is a snake oil salesman

[@Despiser25]

@@billjones8542 So he is a Socialist of the Fascist variety, lol. Oskar Schindler wasnt the good guy, he was a Socialist Nazi.

[@Kyle-xt8ip]

On one hand they say money can not be created, and on the other hand they say the artificial introduction of stimulus money into the economy does does cause inflation.

[@jbedosky1]

Justice is not equality. Justice is getting what you deserve and not getting what you don't. Deserve means EARNED by delivering value for which others willing trade their money for.

[@msromike123]

After the 1970s, neo-Marxism in the United States saw a shift towards Critical Theory and Cultural Marxism. These movements emerged from the Frankfurt School and gained traction in American universities. Critical Theory focuses on critiquing and changing society as a whole, rather than merely understanding or explaining it

[@User-y9t7u]

God damn Frankfort school. Always f us up

[@jovetj]

Blame the hippies

[@User-y9t7u]

@@jovetj I blame the hateful spiteful God complex Marxists from the Frankfort school

[@spudbono5747]

100% true. I obtained degrees in econ and finance in the 80's. I will never forget one econ professor who was previously a member of the communist party explain to me what the plan was. And I've watched it unfold over all these decades.

[@User-y9t7u]

@@spudbono5747 what was the plan

[@raysharplessjr]

"You know, I'm something of a scientist myself" -Willem DaFoe

[@CaptainAhab-im3kd]

Reich reminds me of Bernie Sanders. A hugely wrong worldview and he cannot be stopped wrecking everything in his path.

[@indianoutlaw5702]

You do not have to be an economist to explain the economy. However, if you fill a story with partial truths, you can steer the narrative to your point of view. Whenever I post comments on Reich's cannel, they seem to disappear. Robert will never explain how he gets his money, nor will he ever show things that may disprove his opinions. Listen to everything, form your own opinion. Thanks John, spot on as usual.

[@555atU]

Yep same here. He's a buffoon. His basic bargain theory in regards to Henry Ford and the success of the model t is a laugher.

[@maxxon99]

People who want to do away with billionaires never want to do away with the stuff they have created. They want to steal it.

[@lynnex17]

Exactly

[@aldendubs]

What’s so bad about that

[@vphls]

I wonder if Reich is a Jew? That’s what Jews do while destroying western civilization.

[@ronaldlindeman6136]

The heart and soul of economic Libertarianism isn't Liberty, it's theft. Libertarianism is to treat stealing and taking from 5,000 years of human civilization as a Libertarian entitlement and free stuff. Billionaires living today would be hunter-gathers 5,000 years ago. If you didn't invent the Language, don't use it. If you didn't invent the alphabet, don't use it. If you didn't invent the printing press, don't use it. If you didn't invent Science, don't use it. If you didn't invent machine created power, don't use it. If you didn't invent electricity, don't use it. If you didn't invent electronics, don't use it. We can trace the history of contributions and increased knowledge of the natural world, from the ancient Greeks, to middle ages in Europe. From Aristotle, Nicolaus Copernicus, Francis Bacon, on their contributions to Science. Michael Faraday on electricity, Nicolas Léonard Sadi Carnot on contributions to thermodynamics. Scientific History can show 10,000 contributions to the development of electricity, including a minor contribution by Benjamin Franklin showing static electricity and lightning are the same thing. What is an honest Libertarian to do? Take a rock and a stick and tie them together with a rope, to make a mallet, and head off into the wilderness, never to be heard from again. That would be an honest Libertarian. A liar Libertarian is someone who gives no credit to civilization, the advanced Scientific knowledge and advanced economy that we humans have inherited. It is the person who puts the contribution of civilization at zero who is out of step with the actual world and reality that we live in.

[@davidlafleche1142]

Reich doesn't want to tax billionaires, he wants to extort money from political opponents.

[@darthhodges]

Reich has a Bachelor's in History, a master's in Philosophy, Politics, and Economics, and a Doctorate in Law. His job history is in legal roles for the government, as a political appointee, and as a teacher prior to being on social media. He is not devoid of economic experience/training, but he is far from an expert. Also, when he worked in the Clinton administration he advocated for positions he now rails against.

[@KontoVonMir]

All that education, but he clearly hasn't learned much to understand how the world functions.

[@calysagora3615]

Nothing makes people stupider than a life of academia.

[@terrysweitzer6772]

So no actual experience in building a business, or anything else for that matter!!!🤣🤣🤣 But he's gonna tell us all about it!!!😊😊😊 That's pretty standard issue for these types!

[@jonathanjones3126]

​@calysagora3615 after working around doctors and nurses I swear the more education a person gets the more common and brain power they lose

[@cl5619]

He’s just another communist academic

[@sirguy6678]

Elitists are usually always wrong- and always too arrogant to admit it

[@tombworld9012]

On Twitter I called Robert Reich 'the new Paul Krugman' and opined that he probably would think that was a compliment.

[@snapon666]

reich has been consistent his whole career ...consistently WRONG

[@TheLazyLiberal]

Robert Reich spreads a lot of logical fallacies

[@newnoggin2]

The definition of a sophist.

[@liberty-matrix]

“It is usually futile to try to talk facts and analysis to people who are enjoying a sense of moral superiority in their ignorance.”~Thomas Sowell

[@alchobum]

Stossel and Sowell really made a difference in my understanding of the world. Two of the best.

[@bills5009]

An actual economist. and extremely intelligent.

[@davidbrock4104]

Glad to see someone call out Reich.

[@HvH909]

Show me one nation that has taxed their people into prosperity!

[@abalogh87]

Norway, Sweden, Finland, Denmark.. but their systems are starting to bend due to mass migration and people mooching off the system.

[@jeremyy8509]

USA in the 1940s-1960s

[@notrelavent]

@@jeremyy8509 please explain?

[@Maranasati49]

FDR's New Deal created the golden age of capitalism and the most prosperous middle class the world has ever scene. And it involved taxation and regulation. But I know that doesn't fit the narrative.

[@jeremyy8509]

@@notrelavent The top income tax rate in the US reached above 90% from 1944 through 1963, helping to fund the GI bill, interstate highway system and other initiatives that fueled Americas growth

[@aaroncostello8812]

It is amazing to me the number of Americans who actually believe America is successful despite capitalism and not because of it.

[@buckchile614]

It's more amazing the number of Americans that believe Capitalism is flawless and can do no harm

[@MichaelSheffield-ox8yd]

@@buckchile614 Capitalism is a Marxist term. It's better called free enterprise. Which economic system is flawless?

[@Rundark-]

The problem is they conflate all forms of capitalism as bad. Crony capitalism is bad and it's what has created these huge mega corps that need to be busted up using the anti-trust laws. Problem there is the politicians are disincentivized to do so because they fund their campaigns. They need to educate themselves to the fact that it is the free market that truly drives this economy. How can something that is the number one contributor to lifting the people out of poverty faster than any other form of commerce be a bad thing? It just goes to show the ignorance and laziness of the Marxist mindset.

[@oneFreetinker]

Robert's ideas always come up short....

[@ELCLAVE300]

😂😂

[@yoojin-oi8ij]

VERY !

[@shj2000]

😂

[@lookilookibuthearingtooi]

And why is that?! People like you would have an argument if that's actually the case.

[@yoojin-oi8ij]

@@lookilookibuthearingtooi Ok, ok,..... vote for Kumswalla if you like.

[@YD-uq5fi]

'Peak Reich' was when Reich went on a rant about how 'Elon Musk does not know how to build value'. Gee, the world's richest man, self-made, vs. an academic who NEVER worked in the private sector.

[@Carinzapien34]

Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!

[@FeliciaEmily-m2y]

yes you are right Exploring new investment opportunities demonstrates your proactive stance towards financial growth during these volatile times. Diversifying your portfolio can play a crucial role in effective profits.

[@stoneJulio]

As a beginner what do i need to do? How can i invest, on which platform? If you know any please share. i am retired from washington dc

[@Carinzapien34]

The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional i am grateful to Michelle sule

[@BennyMedina-x4m]

Working with her has been a game-changer for my financial well-being. Her ability to simplify complex financial concepts and provide tailored solutions is commendable. Francine passion for her work shines through, making the financial planning process not only effective but also enjoyable.

[@ThomasJames-g2v]

I have been following CRYPTO MARKET movement for long now and i have bought about $2500 worth of XRP, $1200 worth of BNB, $4000 worth of SHIBA INU and about $2300 worth of ETH in the last year, but i need to start trading because if there is a dip in the market ,it affects my holdings.

[@tomf9292]

I watch RR videos to get a feel for the other point of view. Here’s a guy who’s wealthy by whining about wealthy people and people actually agree with him. Elizabeth Warren is another one. Crazy

[@ralphp3057]

@@tomf9292 It is actually an illness !

[@ledzeppelin1212]

If you don't mind, I'm going to hijack your comment to create a list of whiny people that got rich doing so. I'm going to add Bernie Sanders, AOC, and Ibram X Kendi. Anyone want to add some more?

[@tomf9292]

@@ledzeppelin1212 LOVE IT!

[@lookilookibuthearingtooi]

He's whining about the super rich, dude. Because of them others are so poor. Is that concept to hard for you to understand?!

[@fred-ts9pb]

The libs want someone to take care of them. Most conservatives want to be left alone, but with the corrupt government we have, no one is happy.

[@natalliaf6387]

Bring back dwarf tossing

[@yoojin-oi8ij]

........ yes but first, please open the window.

[@kshuf8426]

The correct term is midget tossing.

[@jeremykraenzlein5975]

"Nobody tosses a dwarf!" (but if you do, please don't tell the elf)

[@Bryanwest2571]

This is exactly what's wrong with the discourse today, you see. Instead of engaging with Reich's economic policies on their merits - whether you agree with them or not - you resort to tasteless jokes that mock an entire community of Americans. Besides, Reich doesn't even have dwarfism. A simple google search could have told you that.

[@jeremykraenzlein5975]

@@Bryanwest2571 This is exactly what is wrong with the discourse today, you see. Too many people take lighthearted joking too seriously.

[@richdilorenzo8145]

What can you expect? He has taught at Berkeley since 2006. When you have ZERO challenges to your ideology you become deluded. I lived their for 6 months in the late 90's and have been shaking my head ever since.

[@Tippycanoe-y2i]

Folks can say the same thing about Reich, only reason he got where he is today is because of the rich. It’s insulting he thinks we are dumb enough to believe his lies.

[@JrGadd-zo7xj]

John I will take you any day of the week and twice on Sunday over anything rieschhhhh has to say. You absolutely make perfect sense

[@kmdskins]

Of course he refused the interview, because he knows himself that the things that he advocates for are completely wrong.

[@jerrybobteasdale]

But, but they tell me to trust what experts say, and they point to Reich as an expert. "Stop thinking and trust us."

[@phukyerpheefees]

My only complaint about this video is the trade section. No mention of slavery or tariffs? The current global market isn't as simple, and nowhere near as clean as John is making it out to be. Would it be better if trade were free between nations and nobody was forced to labor for others under threat of violence? Yes, of course. But that isn't the reality. In reality, other countries seek a competitive financial advantage by enslaving people or by creating trade imbalances. If there was no slavery or tariffs in the world, I'd agree completely with the video, but as it stands, John comes across as utopic and idealistic instead of realistic and pragmatic.

[@YochtyCanar]

The other thing is he doesn't talk about evil/unfair players like China & sometimes trade/tariffs are done for punitive reasons even if they may cause price increases or need to be done so we are not reliant on Communist nations, etc

[@FruitNDoggie]

How would global trade be bad? Agriculture is a clear example of why global trade is incredibly important, with nations that can produce more than they need selling excess to other places that need it.

[@rdf098311]

When a nation becomes over reliant on others for vital products. Trade in of itself isn’t, but when decisions are made by dumb people with no foresight things can result in problems.

[@SomePerson-d3z]

I’ve always said that Robert Reich is the politician version of Rob Reiner.

[@benbatty]

Finally! A news channel worth subbing to. Amazing how I made this choice freely.

[@VulgarRage]

A millionaire complaining about billionaires. What a clown

[@drm9979]

like Bernie, constantly complained about “millionaires and billionaires” until he became a millionaire. now it is only the billionaires that bother him.

[@ELCLAVE300]

Robert Reich is the biggest liar of our time.

[@aeroeng22]

My vote would be for Krugman. I think Krugman is worse; he can't be as d u m b as the things he says, such as: after the Japanese tsunami that almost wiped out a city a few years' back, he said it was a good stimulus for their economy because of all the jobs created. What about all the assets that were permanently lost when homes were wiped out? He fell for Bastiat's broken window fallacy, something a Nobel Prize winning economist like Krugman should have known. So either he knows what he says is nonsense, and says it anyway because it makes the Democrats look good, or he's got some kind of brain damage, stroke or something similar.

[@robfromvan]

His biggest lie is that he’s an economist

[@kevinbowling1974]

@@ELCLAVE300 aside from Bullshit Sanders

[@robmiller5721]

That's one angry lib.

[@bobg5362]

There's no other kind.

[@WeaponSpear]

One major reason why I distain Robert Reich (on top of all the clear and obvious ones) is that he calls himself an economist, which tarnishes the title and by proxy Thomas Sowell.