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John Stossel

Free Money? What a UBI Would Really Do to People … and the National Debt

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2 minute read

From StosselTV

“Universal Basic Income” is trendy, but studies show that it makes people work less, and save less.  

Conrad Shaw, Vice President of the “Income to Support All Foundation,” believes Universal Basic Income will help people start new businesses and invest in home improvements.

But a study backed by Sam Altman (creator of ChatGPT) tested that theory out. They handed 1,000 people, $1,000 for 3 years. Some of the recipients did make good financial decisions. But overall, the group ended up a little deeper in debt and had a lower net worth!

I’m not surprised. If you give people free money, they’ll work less. Incentives matter. But even after this study, UBI proponents still believe a UBI is a good idea. Is it?

Our new video takes a look.

After 40+ years of reporting, I now understand the importance of limited government and personal freedom.

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Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people.

Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20.

Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.

Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.

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To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe ————

Economy

The White Pill: Big Government Can Be Defeated (Just Ask the Soviet Union)

Published on

From StosselTV

People have been “black pilled” to think the world is doomed. Michael Malice says there’s hope.

In his book, “The White Pill,” he argues that tyrannical regimes, like the Soviet Union, can be toppled.

Today, media and universities distort history, and push socialism. It used to be worse. The New York Times once covered up Stalin’s famine, even as millions starved. Why? Malice says it’s because NYT star reporter Walter Duranty liked communism’s utopian promises, and status he got from his exclusive Stalin interviews.

Malice says the fall of the Soviet Union should give us hope that America can resist the universities and media’s brainwashing – or any tyranny that someone is “black pilled” about.

Our video explains Malice’s “white pill” and why you might want to take it.

After 40+ years of reporting, I now understand the importance of limited government and personal freedom.

——————————————

Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people.

Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20.

Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.

Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.

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To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe

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John Stossel

Green Energy Needs Minerals, Yet America Blocks New Mines

Published on

From StosselTV

We’re told we need more minerals for EVERYTHING, especially “green” energy. But America regulators and environmental groups keep KILLING new mines!

 “Why in the world would you put billions of dollars at risk to get a permit? Knowing they’ll just cancel a permit!” Physicist Mark Mills writes about the absurd regulations in the mining industry, “You’re going to be waiting, not months, not years, but the record shows decades.” America used to lead the world in producing minerals. Now we rank next to last in the time it takes to develop mines. How did this happen? Because rich environmental groups hate mines. They run deceitful ads and even collude with government to block mines. The video above explains some of the many reasons why this is a BIG problem.

After 40+ years of reporting, I now understand the importance of limited government and personal freedom.

——————————————

Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people. Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20.

Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.

Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.

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To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe ————

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