RJ Brunner started a moving company. People loved his service and his company grew…. until state regulators told him to stop. ---- Don't miss the weekly video from Stossel TV. Sign up here: https://johnstossel.activehosted.com/f/1 ---- He needed a "Certificate of Necessity and Convenience." Basically he needed to prove his business was NEEDED and wouldn't hurt existing businesses. And the existing businesses had a virtual veto over new competition.
The working rich improve our lives.
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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.
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 America's assets.
Caruso pointed out that Steve Jobs was worth $10 billion when he died, but since Apple sold more than 2 billion devices, Jobs collected just $5 per device. "I think Steve might have been underpaid here," he says.
Most on the left don't see it that way. "The feeling tends to be that somebody like Steve Jobs took something away from everybody else," Caruso says. "But... what did Steve Jobs take? He had this idea, wouldn't it be great to have a thousand songs in your pocket... one of the most massively important tools for productivity and communication in life."
Stossel says Jobs, and all entrepreneurs (if they don't partner with, or freeload off government) create more wealth than they take.
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https://www.youtube.com/watch?v=OruG5SxVK88
I feel bad that Hamilton will be demoted on the new ten dollar bill. He was a big deal. He helped get the new Constitution passed and helped our new republic recover from its deep debt. He embodies the American success story. Producer Rikki Ratliff asked people in Times Square about the government’s decision. More on the currency controversy tonight at 8pm ET on Fox Business.
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https://www.youtube.com/watch?v=eRUNjqZ1-Fc
Union thugs make many schools hell. But charter schools get kids EXCITED about learning, as I covered in this investigation:
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https://www.youtube.com/watch?v=aw_Mk0EpNls
Biden’s Labor Department just imposed 300 pages of new rules. They say it will help freelancers.
Apparently the leftists didn’t notice how similar rules in California HURT freelancers!
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I covered California’s “protect freelancer” law four years ago.
California politicians and the media claimed freelancers were being abused.
Their solution: a new law, AB5, that reclassified millions of them as staff employees—whether they liked it or not.
Politicians claimed businesses would now be forced to pay them, “wages and benefits that they deserve.”
“In reality, what's actually happening is they’re just letting them all go,” said freelance musician Ari Herstand.
4 years later, the results are in:
So many careers were ruined that California exempted more than a hundred industries, but freelancers STILL lost their jobs.
Yet now the Labor Department is forcing the rest of the country to be more like California?
Why? Watch the video to find out.
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https://www.youtube.com/watch?v=WmmWACAfGaY
Congratulations Annelise Kofod! You win first place in the High School Division of the Stossel in the Classroom video contest on price gouging.
The contest topic:
"Natural disasters often bring people together, as they undertake rescue operations and work to rebuild their communities. People outside the affected communities usually offer additional support. But what about those that see a disaster as a way to make money? Create a 1-3-minute video, arguing for or against laws that prohibit price “gouging" during an emergency. How do such laws affect disaster victims? How do they change the incentives of potential suppliers?"
Visit http://stosselintheclassroom.org for future contests, free videos and teaching guides.
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https://www.youtube.com/watch?v=9Fka5A3hM3A