John Stossel’s thought provoking Libertarian ideas

John Stossel’s column today on “Greed” contained some very thought provoking libertarian ideas, which need to be contemplated by any non-government-centered political junkie.


Yes, Wall Street was greedy — but that’s nothing new. Greed is a constant. Did you ever turn down a raise? We need a free market because it restrains greed. Laws against theft and fraud help, but competition does more.

And my favorite,

That’s what happened under communism — and increasingly, it’s happening in America. As Joseph Sobran put it: “‘Need’ now means wanting someone else’s money. ‘Greed’ means wanting to keep your own. ‘Compassion’ is when a politician arranges the transfer.'”

And also,

That should prove we don’t have fixed resources. Rather than one cake or a fixed supply of cake, greedy entrepreneurs — like Bill Gates and Steve Jobs — make more and bigger cakes. Everyone gets richer. The producers, however greedy, are heroes.

And lastly,

Inequality is a product of freedom. When people are free, some will acquire much more than others.

Government, according to the Obama fanatics, are the equalizers, the redistributers of wealth and almost half the people in the November will agree by voting for Obama as president.

When America hits 51% in favor of an Obama-type chief executive, European Socialism will be the beginning of the end of our FREEDOM. Just look at Obama’s last four years and the control the central government is taking from our freedoms to level what playing field?



  1. Stossel should do another expose on professional wrestling.

  2. Sad but true, Ted. I don’t see Hollywood (or any) liberals voluntarily sending in the extra taxes they feel the government should have. I don’t see Michael Moore donating all the profits from his stupid movies to charity. And, yes, nobody turns down a raise.

  3. I wonder how that first quote would go over if it referred to the greater criminal justice system?

    *Write-In your favorite, Nov 12th

  4. All you have to do is examine what happened to the Pilgrims when they tried their version of communism:

    The Pilgrims’ Short Lived Experiment in Communism

    Many have credited Karl Marx with inventing what we now know as communism in the middle of the 19th century. The concept of communal living and dependence, however, came long before The Communist Manifesto. Over the centuries, the concept has been applied by different people in different places. While the reasons for applying the communal approach varied as widely as the people who attempted it, one thing did remain constant: failure. From Roman latifundiae to the Soviet Union, communism time and again proved the failure inherent in its concept. Americans do not need to look to distant lands and little known peoples for evidence of the failure of communism. They simply need to look back at one of the most celebrated groups of people in their history: the Pilgrims.

    As most educated Americans know, Puritan Separatists, or Pilgrims, landed in Massachusetts in 1620. What many don’t realize is that the original economic system of their colony, Plymouth Plantation, was a form of communism. There was neither private property nor division of labor. Food was grown for the town and distributed equally amongst all. The women who washed clothes and dressed meat did so for everyone and not just for their own families. This sounds like the perfect agrarian utopia envisioned by Marx and Lenin. What happened to it? To find the answer to that question, one must turn to Of Plymouth Plantation by William Bradford. Bradford served as Governor of Plymouth Colony from 1620 to 1647 and chronicled in great detail everything that happened in the colony.

    By 1623, it was obvious the colony was barely producing enough corn to keep everyone alive. Fresh supplies from England were few and far between. Without some major change, the colony would face famine again. In his chronicle, Bradford described what was going wrong and how it was solved (pardon the King James English):

    All this while no supply was heard of, neither knew they when they might expect any. So they began to think how they might raise as much corn as they could, and obtain a better crop than they had done, that they might not still thus languish in misery. At length, after much debate of things, the Governor (with the advise of the chiefest among them) gave way that they should set corn every man for his own particular, and in that regard trust to themselves; in all other things to go in the general way as before. And so assigned to every family a parcel of land, according to the proportion of the number, for that end, only for present use (but made no division for inheritance) and ranged all boys and youth under some family. This had very good success, for it made all hands industrious, so as much more corn was planted than otherwise would have been by any means the Governor or any other could use, and saved him a great deal of trouble, and gave far better content. The women now went willingly into the field, and took their little ones with them to set corn; which before would allege weakness and inability; whom to have compelled would have been thought great tyranny and oppression.

    With weak crops and little hope of supply, the Pilgrims divided the parcels among the families and told them to grow their own food. They found that those who would pretend they couldn’t work due to infirmity, weakness or inability (sound familiar?) gladly went to work in the fields. Corn production increased dramatically and famine was averted because communism was eliminated. Bradford’s account doesn’t end here; he goes on to describe why he believed the communal system failed. Understanding the reasons for the failure is just as important, if not more important, than learning about the failure itself. Governor Bradford wrote:

    The experience that was had in this common course and condition, tried sundry years and that amongst godly and sober men, may well evince the vanity of that conceit of Plato’s and other ancients applauded by some of later times; that the taking away of property and bringing in community into a commonwealth would make them happy and flourishing; as if they were wiser than God. For this community (so far as it was) was found to breed much confusion and discontent and retard much employment that would have been to their benefit and comfort. For the young men, that were most able and fit for labour and service, did repine that they should spend their time and strength to work for other men’s wives and children without any recompense. The strong, or man of parts, had no more division of victuals and clothes than he that was weak and not able to do a quarter than the other could; this was thought injustice. The aged and graver men to be ranked and equalized in labours, victuals, clothes, etc., with the meaner and younger sort, thought it some indignity and disrespect unto them. And for men’s wives to be commanded to do service for other men, as dressing their meat, washing their clothes, etc., they deemed it a kind of slavery, neither could many husbands well brook it.

    Read more at: http://www.freerepublic.com/focus/f-news/1285981/posts

    Not much has changed between the 17th century and now, as to what results from the communism.

  5. Ted,
    Don’t concern yourself with “deep thinking” from entertainers like John Stossel. You should have posted about the Campaign to Fix the Debt report that came out yesterday. It addressed in an adult manner the steps the country needs to take to fix our most pressing problem, the debt. It included “pro-growth tax reform” which should be near and dear to you. Of course that reform raises revenue which old Grover might not approve of. And it includes cuts in spending including Social Security and Medicare which your fan base won’t tolerate. And it also calls for a more efficient health care system, without offering any details. Obamacare as written is not the answer but neither is the status quo. The report was commissioned and put forth by 100 of the CEOs of the top corporations in America. I’d trust their advice more than either Fox news or CNBC.

  6. Carol Foster

    Guess the American Indians living on the plains were all Communist, right?
    Were unsuccessful doing community hunting and smoking of the meet for the entire tribe?
    Love your rewrites of history. They are so entertaining to read.

  7. JRM_CommonSense

    and they are also boooooring!

  8. Carol, Native Americans were mainly a tribal society, not communists. They were also rather sexist, many kept slaves and/or tortured their enemies, and some abandoned their elderly, once they were no longer productive. So, If you couldn’t (or wouldn’t) work, you would be left to fend for yourself.

    Any questions?

  9. Carol Foster

    No questions, SNuss, as you just proved my point very nicely. There’s still lots of room on the top of that pin’s head for what you don’t understand about socialism, communisium, etc. and that includes why the Pilgrams did what they did in the very beginning and than changed.
    The good news is most of us got it long ago when you missed it.
    And by the way, I doubt you’re getting the point being made by the hurricane off our shores. Let me help you by reminding you your candidate of choice is on the record as wanting to do away with FEMA. Yet every Governor down the Eastern Seaboard will be asking for Federal help very soon. Talking about what you don’t want to pay for and everyone can take care of themselves fall flat on its’ face during a disaster like hurricane Sandy is promising us all as Americans.
    What effects those in the path of this natural disaster doesn’t just effect them, it effects us all as Americans. Time for you to decide if one State get more help than another because their pocketbook is larger???????

    • Ted Biondo

      Carol – The United States is going broke – there isn’t enough money for everything and not enough money from the rich to pay for this government spending. What don’t you understand about that?

      The country can’t just keep printing money. The value of our money decreases every time that happens. What do we do when no one will loan the US any money because our currency is worthless? I bet you don’t answer any of these questions.

  10. As I have said before, the continuation of Obamunism will make this Country into the 21st Century version of the Weimar Republic.

  11. Carol Foster

    What is it you don’t understand, Ted, about what needs to be the role of government, on both the State and Federal levels, during a natural disaster?
    Again you speak to the wealthy being asked to pay their fair share in taxes as being something that’s unacceptable and as if others are asking they do this thinking that’s the total solution.
    Here we all are paying fewer taxes than ever before and shouting wse can’t afford to meet the needs of our own nation.
    We all heard on the news what Gov. Christie said about those whom he “thought” had made poor choices about evacuating areas in New Jersery. Blamed a Mayor unfairing and said those who stayed would just not get any help until the next day. And he said it in the tone of a punishment. Sort of like what you often say in referencing who will get help in America if it’s afforded.
    Now your candidate for President is suddenly willing to be updated by FEMA, whom he wants to get rid of if elected, and acts as if he has concern for those involved, through no fault of their own, in this natural disaster.
    What exactly would your candidate be doing during this natural disaster if he weren’t running for this office?
    Would he be making plans to visit the area or would be be just checking his own insurance policy if he’d suffered damages and asking what kind of help HE could expect from the State and Federal Government? I have my doubts he’d be asking what taxpayers had given out of their pockets for aid he might be getting to clear trees, get the power up and going , or to haul the trash away from a major storm. WE all know when a disaster area is declared, bills over the normal amount usually spent by States are sent to the Federal Government for reimbursement. Christie will be in line to get New Jersery money.
    Conservative Gov. who are backing Romney may talk the talk about cutting FEMA etc. but they don’t walk the walk when the disaster hits. They hold out their hands and file for the funds without remorse.
    You look at over 50 homes burning, people waiting for rescue because of levee broke, and so it goes, and than try telling me this nation can’t afford it! Tell us all, Mr. Cheapo, when your paying less in taxes than ever before, you can’t afford it and it’s not your concern. That you’ll donate something if this suits you or not, and that’s what your fellow Americans should expect from you and nothing more. After all, shouldn’t those living in an area that gets hurricanes have known better and shouldn’t they expect to take care of themselves in accordance with your Conservative style of politics?
    I think old Mother Nature just kicked the devil out of your theories about smaller Federal Government being the answer to everything and how much better off America would be if you got your way in this matter. In your America, if New Jersery had a disaster and needed help, New York would offer to send it if New Jersery could pay for it.

    • Ted Biondo

      Carol, I just read 537 words of diatribe and not once did you answer the basic question I asked – The United States is going broke – there isn’t enough money for everything and not enough money from the rich to pay for this government spending. What don’t you understand about that?

      Answer THAT question – don’t go off into a BS session – there isn’t enough money to do what you think ought to be done even if you take all the money people earn, except of course, yours!

  12. Actually, Gov. Christie was right. The idiot mayor of Atlantic City should have ENCOURAGED evacuation, not “pooh-poohed” it. Such moronic behavior also puts those emergency service workers, who have to rescue these idiots, at risk.

    I suggest that New Jersey (and any other government agency) follow the lead of another public official (who’s name I don’t remember), who told anyone who wanted to “ride it out”, to write their Social Security number on their foreheads, to make it easier to identify their bodies after the storm passed. If you take the risk, you should be willing to accept the consequences.

    BTW, the Romney campaign is collecting donations and supplies to send to storm victims.

  13. Carol Foster

    Actually, SNuss, the Mayor of Atlantic City discouraged a family attempting to leave because it was too late and too dangerous. Governor Christie, not knowing the full facts or bothering to call that Mayor, made an unfortunate statement on national news.
    Anyone who would tell people not leaving to place their Social Security number on them to be indentified, must surely be a person you would fall into lock-step with on a moments notice. Let’s not pretend what Christie said was about placing emergency workers or rescuers in danger. Like so many, Christie’s mouth was moving prior to his brain getting into gear.
    I sure hope the Romney campaign can collect enough cash etc. to cover all the needs of the Eastern Seaboard’s problems as that’s how he thinks these things should work in the future if he’s elected President of the 53%.

  14. JRM_CommonSense

    Let’s cut the federal budget 15% across the board for the next 10 years. All savings will be equally divided between deficit reduction and pay-off of the treasury bonds that were bought with the Social Security Trust Fund excess over the past years.

    Let’s move all federal and state pension plans to Social Security, annuities, and 401k plans by the end of 2013. All savings from investment advisors and committees will be used to make up any shortfalls and retire any bonds bought over the years (state and federal).

    For 2013, keep the Bush/Obama Tax cuts for anyone making less that $250,000, and let the Social Security taxes go back to 6.5% for everyone.

    Tweak the PPACA to keep the good aspects of the law and repeal or restructure the quetionable aspects of the law to make sure that the American people get the best from their healthcare dollars.

    Take a serious look at tax reform and replace the current income tax with a natioanl sales and/or consumption tax effective for the year 2014.

    HOWEVER, this makes the assumption that the Congrss that currently enjoys a 12% approval rating figures out that they were sent there to solve problems not to play political games. The sequestration that should apply to this new effort to get Congress to do its job and solve problems would be that failure to reach meaningful actions on all of the above issues would be require each party to fire 50% of its current Congressmen and Senators. Each fired individual would lose all future pension plans and healthcare immediately. Elections to fill the fired seats would have to be held 3 months from the firing date and none of the fired individuals could run for office, and only party and/or a candidates personal money can be spent on the elections. PACs, of any kind, cannot participate.

    It is time for serious things to be done, and serious people to do them. Get it done, or get out!

  15. Carol Foster

    Guess you missed the part where I clearly said changing the tax rate for the wealthier Americans wasn’t a total solution? I didn’t miss your part about thinking asking for fairer tax rates was what Democats thought was the total solution.
    Nor did I miss your candidates thoughts on FEMA during the primaries and relating those thousts to our now real life experiences with hurricane Sandy.
    Haven’t missed Romney is dodging the question from the press on this matter of FEMA is he’s elected President.
    Dumping onto the States is a real non solution but you aren’t asking your candidate in print how that’s going to work. Nor are you asking JRM, how his plan works when both he and you know its’ not legal by any stretch of the imagination. Today I wish I was a billinaire, so I could write just one check to rebuild just one tiny community in the hurricane area. That’s not going to happen because I’m not that wealthy. Nor is JRM’s idea going to take hold or be accomplished.
    The storm is real and the results all too real. FEMA is a fact. Romney’s mention of it and how he wants to handle disasters affecting States is on record. His refusal to answer the questions now being asked is a fact. You deal with it. Please feel free to use 537 words to let those in New Jersery how giving their State money incase they need it to hire independent contractors when soemthing like Sandy hits them will be the answer.
    Guess old Mother Nature decided to make a fool of Romney’s pass the buck plans on everything from natural disasters to our aging population.
    Real Conservatives used to be much sharper people but than they wouldn’t have ads running on TV from the TEa Party Express endorsing their candidate either.

    • Ted Biondo

      Carol – I’ll try only one more time – how does the government pay for all this without any money?

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