What Creates Jobs by John Stossel
I took a camera to Times Square this week and asked people, "What creates jobs?" Most had no answer.
I took a camera to Times Square this week and asked people, "What creates jobs?" Most had no answer.
It's not smart to get too enthusiastic about any politician. I've been disappointed often. I believed Bill Clinton when he said, "the era of big government is over." I thought George W. Bush was a "small government guy." And Barack Obama ...
Religious oppression was one reason many of our ancestors came to America. They wanted to escape rulers who demanded that everyone worship their way. In Ireland, Catholics couldn't vote or own a gun.
They're doing it again!
When the last housing bubble burst, politicians blamed "greedy banks." They said mortgage companies lent money recklessly, making loans to people with dubious credit, for down payments as low as 3 percent.
No matter what you do, modern liberals will tell you you're wrong.
Rahm Emanuel, current mayor of my old hometown, Chicago, is not a gentle soul. But he's smarter than his big-spending predecessor, Richard M. Daley, and the union pawn, Jesus "Chuy" Garcia, who becomes the new mayor if he beats Emanuel in a run-off election April 7.
Emanuel was the tough Obama chief of staff who reportedly stabbed a table with a steak knife as he listed political enemies.
Donald Trump's kids and Paris Hilton's siblings were born rich. That gave them a big advantage in life. Unfair!
Inequality in wealth has grown. Today the richest 1 percent of Americans own a third of the assets. That's not fair!
But wherever people are free, that's what happens.
A new documentary calls colleges like Harvard and Notre Dame "The Hunting Ground," where rapists prey on women. A bipartisan group of senators demand new rules to "curb campus sexual assaults."
Apparently, new laws are needed because at colleges, sexual assault is "epidemic." Rape is so common that there is a "rape culture."
For years, people assumed encyclopedias had to be created by professionals. Then Wikipedia founder Jimmy Wales attempted to create an encyclopedia without central planners.
Most of life happens without a central planner. Yet people think we need one.
Politicians and lawyers pretend that they are important people doing important work. But often they're important because they are parasites. They feed off others, while creating no wealth of their own.
For most of history, people suffered in miserable poverty.
Then, in a few hundred years, some new ideas made life hugely better for billions of us -- things like running water, the printing press, the steam engine, electricity, the Internet.
We want people to keep coming up with new and better ideas. But there's a problem: Why would you bother to spend years inventing something if other people can just steal your idea? Who will devote years and millions of dollars to making a big movie? Or a dozen years and billions of dollars to bringing a new drug to market? Almost no one.
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President Obama sure is consistent. His State of the Union address sounded like his other speeches: What I've done is great! America is in a much better position. We've created a manufacturing sector that's adding jobs. More oil is produced at home. I cut deficits in half!
It's easy to "fire" a business that rips you off. Just go to a different one. It's a lot easier to patronize another business than to get government to fix the problem.
No wonder Cuba wallows in poverty.
Last week, the New York Times reported that the Castro brothers opened a special business zone where foreign companies "would be given greater control over setting wages at factories. ... (P)roposals would be approved or rejected within 60 days."
What? If I want to give someone a raise, I have to wait up to two months for government approval! That's absurd.
This Christmas Eve, if you see a fat man in a sleigh distributing presents, tell him he is in violation of several government regulations.
The Federal Aviation Administration is upset about his secret flight path, and his gift bag violates charity tax rules.
In real life, government barely lets people give each other rides in cars. But now the Internet has given birth to exciting businesses that challenge the rules.
It's the season for giving.
That doesn't mean it's the season for government.
Government creates loyalty in the minds of citizens by pretending to be Santa Claus, doling out gifts and favors. Politicians claim they help those unfortunates who aren't helped by coldhearted capitalism.