Don’t Ask Permission!
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- Опубліковано 25 чер 2024
- If Elon Musk waited for regulators before trying anything, we wouldn't have Tesla and SpaceX.
OFTEN, ignoring regulators is the only way to make progress.
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Musk ignored FAA warnings on rocket launches, and SEC restrictions on his tweets (he also goes out of his way to insult that agency on Twitter.)
23&Me first offered their products without permission.
Same with charities that donate unapproved 3D-printed prosthetic limbs.
Uber and Lyft only exist because they broke the rules.
Electric scooter companies, too.
"Everywhere you look in America today, there are people pushing up against really crazy laws and regulations,” says Adam Thierer, author of "Permissionless Innovation."
The video above shows what’s at stake.
I'm sick of government always being "concerned" for my safety. I can take care of myself thank you.
Exactly! The world is dangerous, I aim to be too. It is what it is, I accept the consequences
The Government is interfering in natural selection !!!
Ok, then I assume you are against the military then. And the police. And firefighters. And building codes and regulations. And laws. Look, the government can do amazing things, and it can do horrible things. Making broad statements doesn’t solve anything. Saying “I can take care of myself” is frankly a misled perspective. If the US government was not concerned with your safety, chances are neither of us would be here right now.
@@RoyGBiv-lc8tv yes, I am against all of the above.
More often than not, it is the governments of the world that pose the danger.
A permit is what you get when the Govt takes your rights and then sells them back to you.
So true, thanks.
True, Had to get two licenses and 50 pages worth of incorporation documents just to start my buisness.
@@abdul4515 that is so true. Fifty pages is already demorializing.
Good observation.
@@goodwillwin3664 Glad you can relate lmao.
The majority of regulations aren't for safety, they're to limit competition, that's why so many industry leaders have their lobbyists write them.
ban lobbying, ban legislative, executive, or judicial positions from owning stock, prosecute all members of congress for insider trading
@@RandyRandersonthefamous let's do it!
@@RandyRandersonthefamous Then we would no longer be free. Remember, you are allowed to lobby too. You just have to go out there are do it. In the meantime, do what you have always wanted to. We are still free for the moment. Then it will just be a skirmish away.
@@hollyfoxThe Ban corporate lobbying. PEOPLE have the right to petition the government for redress of grievances. Corporations do not.
We need to stop acting like corporations are people. Corporations can't go to prison if their bad decisions kill people.
@@RandyRandersonthefamous Congress can not be prosecuted for insider trading, they are immune to it by law...how fucked up is that? They can learn or even know about a law that will hurt or help a company and buy/sell stock in it and not be held for insider trading...yet if you owned that company and did the same you would be sent to prison.
"If you think our problems are bad, wait until you see our solutions"
-The Government
Very nice
If you dont like the government and regulation, feel free to move to Somalia. Great free market going on there.
@@sava411
Exactly. Unlike here in the evil communist U.S.A, the Somali people are free from oppressive socialist ideas like functioning infrastructure and government.
@@sava411 Or spread the word, run for office, change laws, etc.
.
Btw it’s not about “government” or “regulations”, it’s about over regulation, nonsensical regulations, and overreach.
@@blessingmansallay4559 tesla would be bankrupt without zev regulatory credits. Im sure ICE automakers think those regulations are overreach but its all a matter of perspective.
Regulations and licencing is to make sure there's no competition to the corporate overlords
exactly...and they can afford to pay the small taxes and all the paper work while the small guy is overwhelmed and incapable of complying...
People seem to forget that cities like NY and LA are founded by the mob. What changed is how they frame what they do, the terms they use, etc., but the methods are still there same. Look at NYS getting ready to license marijuana retail stores. It's a $1M lottery, and the only guarantee is that they are going to pick the top 60 donors to their campaigns to keep the power.
And if competition should rise they get a huge cut...
Trump cut a lot of regulations but of course Biden gonna put them back in. Lol
That is the easy thing to say when you know nothing about manufactured products or safety. Regulations are why you have safety glass in your car to prevent you and your children from being filleted in an accident and licensing is why an actual trained electrician wired your new house so you don't die in an electrical fire.
Government easily and often goes to far and it has more than once been tied to protectionism and reduction of competition. That said it is the height of irresponsibility to spread the myth that regulations and licensing exist for those purposes primarily.
You trust the electrical appliance you pick up to not electrocute and kill you. You trust your gas stove to not blow up your home. You trust your car to not randomly burst into flames. You trust the airline pilot to be properly trained. You trust the doctor performing surgery on you to be experienced, educated, and competent. You need to trust all those things even though you are not involved in the production of those appliances, vehicles, or skilled enough to evaluate the pilot's or surgeon's capabilities. Regulations and licensing exist for a purpose and it isn't to simply protect "corporate overlords." Fight such restrictions when they can be shown to be based in such corruption. Work to relax or remove such controls where they can be shown to be unwarranted. Don't simply assume they exist for no valid reason.
"DeBlasio mode" was absolute political briliance.
@@cstuartdc I bet you're fun at parties.
When no harm is being committed, the reply to thou shalt not is always: I'm not asking.
Milton Friedman said this years ago in his book, “Freedom to Choose.” More government=more regulations=less competition=higher cost=less innovation.
There's people who love innovation and don't need competition. Competition and pressure to have to work to survive kills innovation for some people.
"... government is not the solution to our problem, government IS the problem." - Ronald Reagan
Which is ironic when you say that because SpaceX only exists because of government funding
@@bluehotdog2610 you mean taxpayer funding
@@dakotas76 Once you pay taxes, the money doesn't belong to you
@peter gibbons
Were you alive when Reagan was president or are you taking the left wing media’s word
@@bluehotdog2610 right.. lol just saying, remember whose pockets that money comes out of.
Regulation and bureaucracy are government's way of making more government.
And employing more lawyers to ruin our country.
Creating reasons to legally steal your money
Exponentialy
US citizens: being free
Government: wtf are you doing we didn't say you could do that.
You actually BENEFIT from the government.
@@zedgelhunter6053 and the popes a good dude
So much for the land of the freedom and opportunities
It's all about control with these politicians and their "rules".
Regulations & permit fees have killed untold numbers of small businesses in EU.
all in the name of protecting the consumers lol
Stossel is the greatest reporter in history
I'd agree but he's ONE of the....not the best...James O'Keefe is up there also....🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
@@chilichoppintacobanditsuck4767 O'Keefe is a beast! Love his attitude.
He is
Yes, he is pretty good.
Yep
Orville: "We can't."
Wilbur: "We can't?"
Orville: "Nope. Government owns the air, we can't."
- The Wright Bros, 1903 (probably).
This is exactly why I'm getting the F out of California. I've been self-employed for 4 years now, and the regulations keep adding up for contractors.
Iowa is nice.
People need to take responsibility for themselves, the government shouldn't be trying to put us in bubble wrap.
I agree but who will take responsibility for the government mistakes?
@@philg4678
the mafia doesn't take responsibility when things go wrong
"People need to take responsibility for themselves"
Much luck, if you buy a car which kills you in an accident because of missing safety features.
Things are not black or white. The unregulated Uber is great for the customers but it is a disaster job drivers.
@@bokoloaranyfa3824 Then your family will sue the car company. Car companies don't want to get sued, so they make sure their cars are safe.
@@RampageG4mer Car companies don't mind getting sued, as long as that's cheaper than fixing the cars.
When government is usually the problem, more government is never the solution.
Government is almost always the problem.
My grandmother was a Winokur... Small world!
for real, government is destroying my family’s once very very profitable business, they are literally paying the large company’s to kill ours
So are corporations sometimes gov helps in the case of hygiene in restaurants etc.
*cough* recent newsom recall. California has a crime, homeless , housing, living cost, regulation etc. problem, mainly due to liberal policies IMO. So the solution? Keep California blue still and keep newsom.
Remember the old adage: It's easier to ask for and get forgiveness, than to ask for and get permission.
I’m still laughing about the “DeBlasio Mode” 😂
I remember that. DeBLAHsio took thousands of dollars from the taxi lobby and he fought Lyft and Uber tooth and nail until he could fight it no longer.
"Clueless" is a good way to describe him.
DeBlasio is a fine example of political corruption.
DeBlasio Mode: Change your name and pretend you’re not a nazi.
"I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do."
-Robert A. Heinlein, _The Moon Is A Harsh Mistress_
One of my favorite books.
A LOT of people ignore that last sentence.
@@mockupguy3577 Yes they do, and it's because they are stuck in cognitive dissidence or blame someone else for how they behave.
I love the MSM’s standard line that “to not agree” equals “to not understand.” Ergo, obedient = understanding.
Well said!
I know the term might be over used, but that's damn near Orwellian.
Meanwhile, the MSM is amongst the most clueless, out of touch organizations in the country.
My boss has been running her company since 1974 and one of her favorite sayings is that "it's better to beg for forgiveness than to ask for permission." Unfortunately the crippling policies of Portland and the state of Oregon have caused my small company to move out of the state
John Stossel, educating Americans for decades. Thank you for everything you do John, we appreciate you.
Regulation is killing America, I see it in your healthcare and other businesses. Recklessness (I mean calculated risk, but I like reckless) can be a virtue.
The US spends more on regulations than the entire Russian economy.
I agree, i think Aristotle's definition of virtue is the most correct for me and it applies here. His essence of virtue is being in between extremes, moderation. A sliding bar between the extremes with virtue in the middle.
Too much recklessness is obviously bad, regulation, or restraint is the counter and we've gone too far to over regulation that it's no longer virtuous.
No, no....Regulation and Corruption have Already killed America.
We are a shell and a vegetable compared to what we once were...
We're only still going because of life support. But, what we need is a "series of operations" to bring her back to life !
1. MOST regulation in our Medical Industry is actually HIDDEN, because they voluntarily do what their malpractice insurance tells them to do. Doctor's hands are tied, out of FEAR of losing their license from an regulatory board that has no Legal Power- AMA, and the CDC.
2. PharmaCorps BLACKMAILED congress into DEREGULATING VACCINES- once they hit the market. Americans cannot sue for injury and death from a vaccine. What that did was allow PharmaCorps to continue using a toxic ingredient that had been proven to cause encephalitis for decades! All of the regulatory safety checks are never done, because the government is supposed to fund those. The Vaccine Court established with that law is funded by taxpayers.
All these people being used as Guinea Pigs with an EXPERIMENTAL VACCINE, THAT HAS NOT FINISHED THE FDA APPROVAL PROCESS, CANNOT SUE FOR DAMAGES OR DEATH. THAT IS THE RESULT OF DEREGULATION.
3. I'm all for losing the regulations that do not protect life; such as the Taxi Unions regulating to squeeze out competitors. However, there are numerous rapes now being reported coming from UnRegulated Uber and Lyft drivers taking advantage of customers.
My point is: sure Regulations sound horrible! However, the US has the most INDIVIDUAL freedoms in the world, and that allows the more dastardly and evil people to take advantage of others easily.
Easier to get forgiveness than permission
"The system" is actively trying to crush everything that made America a great country filled with endless possibilities for a happy, successful life.
It's high time for "the system" to lumber out of the way and let innovators rebuild.
The system won’t budge unless we unify and then turn on it and make it move.
@@naomiwainwright9873 yep. Government simply doesnt work. It's simple
Because the government wants all the power. They want to be the only monopoly... this is why the establishment supports the leftists..because everything they fight for gives government tons of power. The establishment would love for communism...now they are making it happen backdoor
By "the system" you mean tyrannical democRATS...
@@swampypolitics9574 that's kinda the whole point of government. Were you mistaken?
I love this, this is my jam! It took me until age 29 to realize how important it is to disobey disobey disobey - obedience was so deeply drilled into me going through the school system, it took me nearly the same amount of time to "deprogram" myself. We'll never move forward without proper disobedience of unjust laws, ordinances and regulations.
Then along comes Big Tech, who doesn't answer to anyone. Be careful about what you wish for.
So the guys going to jail for making a glucose monitor for kids deserves it? There’s a big difference between making something nearly impossible to compete and competing in a malicious way. These regulations allow big tech to become bigger and bigger monopolies, because they make entry into the market harder and harder. Don’t try to sound smart when you don’t think anything through
@@camtwan1
>These regulations
What regulations? Can you name them?
> Don’t try to sound smart when you don’t think anything through
Ironic coming from a libertarian.
And once again the saying, "the Government is the problem", rings true.
Well played pete, well played
@Pete Mantel Millions of people THINK they want socialism.
@Christopher Coates another Barnum statement. Define Big
@Christopher Coates it ain’t Che, it’s Zappa.
I'm from the government and I'm here to help
General Patton put it best : Don't tell a soldier how to do something , tell them what to do and be surprised by their ingenuity !
We need LESS government
Imagine Thousands of years ago..
Man: invent the wheel and discover the fire.
Regulators: That is illegal.
You got a license for that fire?
This is the John Stossel I fell in love with as a kid. I’m so glad he’s still here. So glad he didn’t go down the path of least resistance. Thanks John.
Has no one in the government discovered that more government, is BAD government? Not one single government entity has ever made something better… NOT ONE! Time to let the people of this country take the lead!
Few people “discover” that the source of their paycheck is unethical.
Those that govern least, govern best.
More Govmnt is Not bad for the Govmnt Agency that is growing and becoming more powerful.
If businesses, private property, and individual rights get compromised, Govmnt will
create an Agency to help, ... Usually by taxing and redistributing.
Absolute power corrupts absolutely
Everything the government touches turns to crap
All these entrepreneurs have something in common, "The rules apply to everyone else but me."
Damn right! The American way!
The real attitude is "there are no clear prohibitions, so I'm free to do it".
The entire nightscout and looping community is sharing this video. We are right with you on this.
"Rebellion to tyrants is obedience to God.”
-Benjamin Franklin
Right on
Yes, I agree.
I WON'T get a so-called "vaccine" either...
Ben was a FRAUD!!!
@@Aint1S you don't have a choice
This is what “Atlas Shrugged” is all about.
Exactly right, we need more people reading this book
All three movies are free on UA-cam right now. They aren't great but they still get the point across.
Facts
If only it was required reading . Unfortunately even Ayn Rand Institute has some very "woke" infiltraters .
With AI, philosophy is finding it's way into technology. Reason it's the only rational regulation. So what happens when the government violates reason with it's regulations is that the machines revolt and the world is brought down by the technology that created them.
Thank you, John, for being a constant TV freedom Mustache. I've appreciated your work and perspective since I was a 10 year old kid watching your 20/20 segments.
So great to have John Stossel ! Thank you John !
Pretty much, and most consumers don't realize how much money they spend, and innovation they don't see due to entrepreneurs being turned off due to govt regulations.
That’s how big government screws us over. Regulation continues to balloon. Competition and innovation are limited so that corporations in bed with the politicians take advantage and most Americans suffer
I came up with a mental rule, that people typically don't see opportunities until they have become at least an order of magnitude out of whack. I thought of a few just while watching this video.
because it's sometimes dangerous and can be abused.. i can start a small biz, get money from my university and never pay it back and close shop. they don't legally pursue loans under $10k.
Great to see that at least some other UA-camrs I watch are at least a _little_ based.
The regulatory restrictions/constrictions get even worse if you begin to hire people. In some municipalities they are so bad no budding business owner even tries.
The problem with regulation is that it takes the "guilty until proven innocent" approach.
That approach of guilty til proven innocent is exactly why Regulatory Law is unconditional. The Declaration of Independence made this clear.
FIGHT THE POWER! The man putting his boot on the neck of the creative American spirit.
Good for people for making their lives better. It's just like our governments in Canada and the USA to have the arrogance to think they can do a better job than the free market on... well, anything. Healthcare, education, technology - the private does it cheaper, more efficiently and people don't complain.
“I’m from the government I’m here to help”. Excuse me while I laugh.
I'm from the free market, i'm here to crash your economy.
A neighbor of mine told me this. He was serious.
I said "no thanks".
Just walk away.
Juiceboxx TM, you forgot the rest of that sentence. "...to your wallet and free time."
So many people believe, trust and obey the gov because they are here to help...? It's better to walk alone than with a crowd going the wrong direction.
Any alphabet soup agency that would try to regulate the girls smile and joy at 3:31 when she grips and holds a simple water bottle, should hang their head in shame.
More like should hang period because they have no shame.
They have no shame... Only greed
In other words, WE HAVE NO FREEDOM.
_"It's Better to ask for Forgiveness than Permission"_ ... But in the government's case, don't ask for forgiveness either. They aren't your friends 🤫
Big dawg Stossel always keeps it real and looks out for his fellow Americans. Keep em comin!
Future John Stossel Topics I'd like to see in the future or more of:
1. Fact vs. Fiction/ myths about Janurary 6th: was it really the day of evil trump supporters or is the media blowing it out of proportions?
2. Joe Biden's presidency so far. Bonus : Does John think Biden won 2020 by fraud or was it a genuine victory and does he think Joe is in cognitive decline
3. More examples of media fear mongering ovet facts
4. Examples of when politicians pander
5. More stories of ridiculous and stupid government spending
6. Of course I'd like to see these entrepreneurs and innovators vs regulators videos keep on coming
@@octosax1515 has he done any vids about the Healthcare system?
I like Stossel but that video where Dr D slaps em back to factory settings twice is the absolute funniest interview he ever did, hands down. 😄
The only people he looks out for are his rich donors.
@@Jon-jd2vc what do you mean?
Old school Taxis protesting because people prefer a better, more convenient service?
Probably because to get a taxi license you have to get a specific drivers license and your car has to pass a safety inspection and pay for a sticker to have as proof. Plus, I'm sure there is a difference in the insurance taxi's carry compared to Uber and Lyft drivers.
@@samuelhowie4543 Exactly, the government has been bending taxi companies over for decades and they resent Uber and Lyft saying, "Ya, nah."
That taxi business is a mafia run by democrat unions
I know a man who is working hard in his start-up, but keeps getting stifled by government regulation. He started his business career on the illegal side. He confided to me a few weeks back that when he was a criminal, he walked around with $30,000 "Walkin'-Around Money" in his pocket and didn't worry about business licenses, permits, and authorizations. Today, he struggles with the bureaucracy at local, state, and federal level just to to be able to sell his LEGAL services. What in the world has happened to this nation when it's easier to be a criminal than to be a legal business owner?
Government is at the root of almost every problem that we have.
The us gov*
"The question isn't who's going to let me. The question is, who's going to stop me?" --Ayn Rand
Try going to church in Canada.
The old logic of "So I bought a battle tank with a bank loan that I've now decided I'm not going to pay. The bank is pissed, but I now have a tank."
Where I used to work, we had a saying, “it’s easier to ask forgiveness than permission.”.
@@alphagt62 That's generally a thing most places, depending on the results.
@@galahad3195 couldnt the bank sieze your asset (the tank) with thugs ( police/special forces) they definitely lose some people in fight of bullets though
A reg I'd like to see is one that limits how long someone like Pelosi can stay in office
I vote zero terms.
Like you don't have lifelong Republicans that haven't passed one piece of legislation
@@thecloneguyz Like...no one said that
@@thecloneguyz You missed the point completely.
Or Chuck Grassley...would've been more appropriate.
We forget that the country is OF the people, BY the people and FOR the people. It's time that WE THE PEOPLE took it back!!
“Thow shall not! - until you get a permission slip.” Neurotic Bureaucrats
John you’ve been the public a service for a “million years” and we all thank you
It's so true. I work in construction. There are 2 types of developers we work for. Type A spends months or years getting approval to build something. Type B builds something and then fights the city about operating it. Type B always wins!
Sad thing is, its also cheaper to pay the fines than go through the proper channels.
Years ago, I was listening to Rush Limbaugh. A house painter called in and said he had to turn down a job because the EPA required a certain tarp type to cover the ground to protect paint chips from getting into the dirt, but that same type of tarp was banned by OSHA as being too dangerous to support a ladder.
Remember the guy in CA ordered to cut his weeds bc of fire hazard; then told by another bureaucrat, his land was home to some endangered rat? Cutting the weeds got him a $50K fine, but saved his house, while all his neighbors burned to the ground----I wonder how many of those precious endangered rats were killed in the fire?
@@elultimo102 Rats over people. Incredible. I get the sense that most of these government workers were the last guys picked when choosing up sides for baseball or football when they were kids. And now its their turn to get even.
Thank you John for continuing these informative investigations. Let us know what we can do to support you and make changes. You would make for a great leader. Wish you were President of USA.
John Stossel is a rare bird. We're lucky to have him.
John is all about freedom freedom freedom ! Come on U.S.A. Why do we want to give it up so easily. This is insane what going in country.
Stossel is what Tucker Carlson pretends to be.
You should also check out Judge Napolitano.
I'd rather have dangerous freedom over safe slavery, in this case, slavery to government regulation.
What some people will never understand is that the world is a dangerous place, and no government can change that. The more governments try, the more they enslave the population. Americans have had several decades of relative safety compared to the rest of the world, but that was because we took responsibility for ourselves and told government to stay out of it. Now liberals and communism have crept in the name of safety, which is a lie.
As someone who doesn't like to break rules, but is an inventor, this is a great reminder
The Ghostbusters didn’t ask for permission to go around the city capturing ghosts, but they did to great success. It was a regulatory bureaucrat who let the ghosts back out.
Without risk takers and entrepreneurs and innovators, Government would not have lots of wealth and taxes to feed off...
those guys from 100 plus years ago.....ford , rockafeller, morgan, vanderbilt etc.....if they followed the rules we would have nothing....
@@workingshlub8861 They didn't have rules ! Ford built a car and sold it without any type of vehicle manufactur license, inspectors, etc There were no agencies at the time. Vanderbilt, rockafeller moved oil around with no one questioning a single thing. Not a single license to apply for, no environmental bullshit, no lawsuits, etc.... That is the point , America was the place to be because there was nothing holding you back. Now America is the place not to be . So sad
@Arsh K I hear ya. it's next to impossible to start and stay in business now. I can't imagine the next gen. And I hate to say it, I don't think we can reverse any of it. Not enough thinkers and doers to take a stand
@@littlelarry2912 those guys would have an impossible time today..
@@littlelarry2912 It's all due to the democrats working very hard, for decades, to turn America communist, with them at the top in opulence and power.
Ayn Rand’s famous novel “Atlas Shrugged” was all about the what happens to society when governments stifle innovators by regulation.
And "fairness" remember?
It’s a stupid book that was so fucking boring 94% of people who start reading it never finish
@@danielmoreno-gama5973 They never finish, because she's a Commy. Her ideals were dumb AF. and also Elitest.
@@danielmoreno-gama5973 I don't think any intelligent person would say it was stupid. Maybe someone who has only heard other people talk about it, and caught a case of Dunning Kruger.
@@StanHowse What would make you think she's a commie?
Stossel... A beacon of freedom!
My favorite motto- "They" can't say NO if you don't ask permission! 😊
This only works when you're a billionaire, if any of us try that we'll end up in jail. Billionaires never get arrested.
Elon didn't start out that way. He took $3,000 and created what became PayPal. Something that, similar to his other advances, didn't exist and wouldn't have had he asked for permission. Love him or hate him, he's the biggest innovator in the world today and has single handedly pushed us forward.
@@debanydoombringer1385 he wasn't breaking laws to do that. Believe me, if he was, you never would have heard of him except in passing as just another financial criminal on the news
Exactly! Like illegal immigrants for example, they just get arrested for braking the law to work.
Man you are tone deaf. Literally all the examples he gave were people who started from nothing. That is the whole point of the video. Don't fight through the bureaucracy just put it out there and see what happens. A multi-million dollar company can afford to go through the bureaucracy and most the time do. Elon started from nothing and that is why he doesn't bother.
Meh…this is exactly why billionaires are a good thing. No one else can fight them
The essence of being American is part rebellious! Full send SpaceX
He's South African-Canadian-American though
People want it both ways .We want the freedom to improvise, to do what we want, but when someone gets hurt or killed or scammed, everyone wants to know why the government didn't prevent it, and what the government's going to do about it.
The government should ask us for permission!!!!!!!!
Many laws are actually "protectorates in disguise", or a way to give an unfair advantage to specific individuals. For example, "only giving permits to a select group", is the most perfect example of creating a separate class under the law... Either everyone can get the permit, or no one can get it... Equal access under the law...
I have a Prime example for you, that most dont know. It happened to me directly. Here it goes: The US SEC ruled that only "accredited investors" can buy/sell/trade ICOs (initial coin offerings....kinda like stock). What is an accredited investor you ask? Banks, exchanges, etc...but as an individual you are accredited if you are a "natural high net worth investor" (HNWI). So basically you have to be rich to trade or possibly gain wealth. The oddest part is the word "natural". I guess winning the lottery doesnt count?
Basically I had been laerning how to trade stock and cryptocurrency and had a really good track record for over a year. I decided to get heavy into research, reading the white papers, crunching numbers, etc... I ended up finding a company that was getting ready to launch and had offered ICOs for purchase. This company not only met all my criteria for a winner but also their product/service was something Im passionate about and know a lot about. I purchased a chunk of the ICOs and was waiting for launch day with high Hope's. The SEC contacted me and told me I was not allow to buy these because I wasnt an accredited investor and basically erased my purchase. I wasnt rich enough to get rich. They dont want middle class people to ever make it out of middle class. The rich made a rule that only helps the rich and only hurts the poor, all under the guise of "protecting" us. We poor too dumb to trade.
Reading down the comments, I'm filled with pride, these are my people.
Yepper.
Too many restrictions, too many regulations, too many fees, too many taxes, too much government.
I'm a builder. The biggest hassle, expense and roadblock I have to being profitable and efficient is the government. When bureaucrat's are in charge of entrepreneur's the system is ass backwards. Entrepreneur's find a way to get it done, the government finds a way to keep you from getting it done.
The old adage, "It is easier to get forgiveness than permission" is so true.
Government over reach is impacting me and my very popular hobby-flying model airplanes. Since the advent of quadcopter type drones and their uses for transportation and deliveries, the FAA has started imposing draconian rules on the entire hobby of remote control aviation. Enough already!!
I'm right there with you - I've had to pretty much abandon the RC modelling hobby that I enjoyed for over 30 years. Flying clubs and flying fields have all pretty much been destroyed by the government that was supposed to be there to protect our rights and freedoms. Sold out to corporate interests.
Our government has forgotten it is in the business of requiring restrictions with proof of harm not providing permission for citizens to live.
In 2019, retired after 10 years as Chief Engineer of the FAA Office of Commercial Space Transportation (AST). I had met Elon years earlier, and always thought he was a good person. A few years ago, he came into office to meet with the Associate Administrator, George Nield, and me. The purpose was for him to be straight with George on his desire to minimize our interference, and get a feel for what kind of regulator George was - he knew me from before, and knew that I was there to inject sanity into AST's licensing process. George, who has since retired, signaled his support for keeping things reasonable (which he did, to his detriment within FAA). I escorted Elon out of the building, and he gave me his assessment and asked for mine. His final words to me were "I'm glad you're here."
When Trump was elected President, he reconstituted the Space Council. VP Pence, its chairman, delivered a mandate to FAA/AST to streamline the launch licensing regulations, and do it within a year. Issuing a new FAA rule takes 5 years, and that's if you have one already drafted. Shortening the process generally means issuing a very bad rule. The office got the new rule out in about three years, and it was pretty much a disaster. I was gone long before the draft was finished, but had little say in what went into it while I was there.
The reason the rule (and prior licensing rules) were so bad is that AST internally translates its legislative charge of "protect[ing] the public health and safety, [and] safety of property..." into "ensuring public health and safety, and safety of property..." So instead of just seeing that license applicants taking adequate precautions, it requires that they "prove" that their launches will have no more than 1 chance in 10,000 of causing an injury among the public (that's up from the old criterion of 0.3 chances in 10,000 - that was the only contribution to the rules I was able to force in 10 years). The requirements of this "proof" include conducting every Air Force and NASA process ever conceived, though those processes were developed back when rockets were novel, technology in general was primitive compared to today, and big rockets crashed most of the time. Meeting the 1 in 10,000 expectation of casualties has to be demonstrated using complex computer models, which assume how rockets will break up due to various Rube Goldberg failure scenarios, and where the debris will go, and running a few hundred simulations with largely arbitrary probability assumptions. The software packages for this used by the Air Force and FAA have never been validated or verified, and probably cannot be. It's like climate "science," but with the imprimatur of FAA and USAF.
If any other mode of transportation in history had been regulated in this fashion - requiring government permission for you to take a trip, contingent on you proving that your trip wouldn't hurt someone else - there would be no transportation. People would just stay wherever they were born.
I'm glad we have Elon, who absolutely does understand regulations, and has had the courage to do what he does.
The hoverboard clip was pretty cool
He buried the lede lol
Elon: “show me the rule that says I can’t do this.”
Government: “here it is.”
Elon: “I’m not reading that.”
"This sign doesn't affect me because I can't read"
It's heartening that you recognize our government really isn't here to help us.
These rules are usually there to deny the competition from doing something while the largest businesses do it anyway....
"Fraud is illegal"
"Show me where it says that"
@@zolikoff strawman, nobody here is talking about fraud. We're talking about useless bureaucracy, try rewatching the vid until the end
“When you see that trading is done, not by consent, but by compulsion - *when you see that in order to produce, you need to obtain permission from men who produce nothing* - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed.”
~ Ayn Rand
[Alisa Zinov'yevna Rosenbaum] (1905-1982) Russian-American novelist, philosopher, playwright, and screenwriter
such underrated comment T T
Based Stossel back at it again with the grade A journalism!
Sometimes you can’t break the rules though! Good example: The extremely paranoid, extremely idiotic New Drone laws. I can’t afford the basic $100k fine so I stopped flying. Basically need a pilots license & transponder to play around? Crazy.
100k fine in America? If so that's ridiculous.
Imagine going into gen pop and telling your cellmate that you're in the slammer for violating airspace with an UAV and being unable to pay the fine.
That guy giving prosthetic hands is a real Hero
As a real estate investor in at war with the government everyday. They have cost me tens of thousands of dollars in expenses and several months in lost time waiting for permits. So unbelievably inefficient and cruel.
True. It is easier to ask for forgiveness than to ask for permission.
And why do people still think the over stepping government is a good thing?
Because those authleft and authright people are children who can't take care of themselves responsibly and want big brotha government to take care of them and wipe them clean.
They are all selfish, narcissistic bastards by default.
And people wonder why NYC businesses are leaving in droves after COVID.
They're leaving commiefornia too. Even the electric car guy left
Because they are too afraid to break to rules
Look up
Louis Rossmann's channel if you want to see all the wonderful hoops New York makes business jump through.
government seems more oppressive to entrepreneurship than COVID...
@@RandomAmerican3000 That exactly who I was thinking of
They Think Silence Is The Foundation Of Creativity... 🤔
I remember when a public safety law was passed in my country about 12 years ago which had some vague wording and because of it there were some strange unwritten consequences. The most funny ones were that it was now technically illegal to cross a street while wearing headphones, and also illegal to cross a street while being drunk. The cops themselves didn't know what to do with all of that so they just decided to ignore it.
I like how the 3D printed prosthetic hands quickly become a toy they can start selling to kids.
You have to make money to use money. It’s a pretty good system. As a matter of fact, the best system on earth!
Better than a $50,000 prosthetic that needs an act of congress to get to the children that need it.
I'd like a Predator hand myself.
John Stossel for President PLZ...
That'd be nice, but I'd rather him stay alive.
That is because laws are lobbied for by large corporations for the express purpose of eliminating small businesses who might eat their lunch because of their inferior product.
We have too many politicians who have nothing to do but create absurd laws!
Politicians are grifters exploiting our insecurities.
"It's for your own good" -- the Baddies
Elon supports regulation when it makes it harder for people to get internal combustion cars... I wonder why
Dude. You got 2k views in 6 minutes.
Can we agree ppl are hungry for the truth?
im sorry but new regulations just came out.
the truth is now illegal. this channel will be taken down ahahahha
The look on that little girls' face when she was able to pick up her water bottle. Priceless!
I think the dotted line should be when the direct safety of people are at risk. Example that flying drone rider, or super fast scooters on the street with no safety restraints whatsoever. But things like Uber, which is basically just allowing people to give rides to other people, something that happens all the time already, is not making the public less safe.