John Stossel from ReasonTV goes after the leftist narrative that rich people are bad for all of us. He describes this narrative as exactly what it is: a way for liberals to rally their base towards a state of economic socialism.
The points he makes in this video are essentially impossible to argue against with logic or common sense.
Bernie Sanders and others on the left want higher taxes on “millionaires and billionaires.” Would that be a good idea? Most rich people became prosperous by creating wealth, not taking it from others.
Jim Caruso took over a bankrupt brewery and turned it around by inventing creative craft beers. He now employs more than 100 people. The company he runs, Flying Dog Brewery, is worth millions.
Caruso had a good answer when John Stossel asked him about the “unfairness” of some Americans having so much more money than others. The top fraction of earners does now own almost half of America’s assets.