The StoneZONE with Roger Stone

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00:01:01.560 The Stone Zone, entertaining and informative.

00:01:05.280 On the Red Apple Podcast Network.

00:01:08.140 When I got into the news business, the TV news business in 1994,

00:01:13.760 the mantra that was pounded into our heads, whether it was local news,

00:01:18.900 and I started out small local news in Bangor, Maine, producing there,

00:01:22.080 all the way up to national news was story count.

00:01:24.740 We wanted to get 22, 23 stories in at least per hour.

00:01:31.160 And in local news, 23 stories per half hour.

00:01:34.520 That was just the standard.

00:01:37.780 You can turn on your national news tonight, any of the stations.

00:01:41.920 You'd be lucky if you get five stories in an hour, usually fewer than that.

00:01:46.880 I usually like to get a story count in, make a quick comment or sometimes a longer comment.

00:01:51.680 but on a number of stories, but I have to tell you folks, your number one story and a story I

00:01:57.140 would like to break down for many different reasons for the course of this hour. And I

00:02:00.680 want to get your thoughts on it as well. 800-848-9222 is the number to call. I want to talk

00:02:08.800 about SpaceX, Elon Musk becoming the first trillionaire, because if you think this is

00:02:14.820 just a stock market story, you're very wrong. If you think this is just an economic story,

00:02:19.800 you're very wrong if you think this is just a cultural story you're very wrong if you think

00:02:24.260 this is basically like a celebrity story you're very wrong only these things it's a it's a lunch

00:02:28.860 of those things together and if you think it's a political story well you're on the right track

00:02:32.660 but also it's not just that one of the things that really concerns me about conservative and

00:02:42.620 republican voters in this country and this was true before president trump a lot of people think

00:02:47.180 that President Trump has brought in a bunch of populist economic ignoramuses into the Republican

00:02:54.200 Party. That's not true. It's at least not comparatively true, because if you think that 0.63

00:02:59.560 the old establishment Republican voters, the Bush voters, and even the Reagan voters

00:03:03.960 were very economically sophisticated, you'd be wrong about that as well.

00:03:10.760 But that's what concerns me, the fact that voters of all stripes, of all parties, 0.67

00:03:16.220 are so economically ignorant and that's very dangerous because economics money wealth

00:03:23.740 all that stuff is used as one of the primary if not the primary talking points of politics 0.95

00:03:32.160 and with this news of elon musk becoming the world's first trillionaire and the space because

00:03:37.720 of the spacex ipo today we saw the money narrative of politics being used already by people especially

00:03:46.080 on the left. Nasty comments from people like Gavin Newsom. I'll read you what he had to

00:03:52.000 say in a little while. And you're also getting people who I think are actually, at their

00:04:00.060 core, conservative, patriotic Americans who don't understand this story. And they're also

00:04:05.360 parroting an ignorant line, something along the lines of, well, I'm for capitalism and

00:04:14.580 Now I'm for economic liberty, but a trillion dollars, I mean, that's too much. 0.81

00:04:20.980 No, it's not.

00:04:23.880 Elon Musk didn't steal this money.

00:04:26.580 This money was almost literally thrown at him by investors.

00:04:33.660 That's how he has a trillion dollars on paper, by the way.

00:04:36.540 By the way, it's on paper.

00:04:38.200 He's not sitting on top of a mountain of gold or $1 trillion, $1 bill somewhere in a castle.

00:04:44.580 And I am using that imagery on purpose because I want to talk about the way that narratives about very, very wealthy people with very massive amounts of money are thought of similar to Smaug the dragon from The Hobbit.

00:05:04.780 That would be a fictional story, a fantasy fictional story, and it is the same in this case.

00:05:10.900 And if you think I'm going to spend this hour praising really rich people and talking about how great they are all the time, you'd be also wrong.

00:05:16.560 That's not the point either.

00:05:20.640 But I'm going to start really briefly right now with a couple of first predictions and advice for Elon Musk with the full humility of knowing he's probably not looking to me for advice or looking to me for predictions.

00:05:32.940 I understand that. So I'm just doing this for you because I like to inform my audience based on the experience I've had not only covering politics but working as a financial journalist for many decades and also as someone who is a cultural student of our American culture and student of economic and political philosophy.

00:05:54.940 here's the first prediction

00:05:57.480 Elon Musk is still a relatively young man

00:06:00.900 but I can promise you

00:06:03.420 that at some point

00:06:04.820 he is very likely

00:06:06.400 to become obsessed with giving his money away

00:06:09.120 and frustrated by the fact

00:06:11.620 that it will probably be physically impossible

00:06:14.380 for him to do that

00:06:16.180 why do I say that?

00:06:18.460 because as we talk about the first trillionaire in history

00:06:21.060 Elon Musk

00:06:21.740 we have the experiences of the first billionaires in history

00:06:26.320 who two examples John D. Rockefeller and Andrew Carnegie or Carnegie depending on how you like

00:06:36.000 to pronounce his name I will give you all the credit of all that if you want to call them that

00:06:41.700 one way or the other I highly recommend two specific biographies about those two men

00:06:49.100 Titan about John D. Rockefeller by the great Ron Chernow, who's most well-known in America now for

00:06:55.500 writing the Alexander Hamilton biography that was the inspiration for the Hamilton musical.

00:07:00.560 But Ron Chernow has written some other major masterpieces, the Warburgs, the Ulysses Grant

00:07:06.320 book, something called Grant. He has a new-ish book out now about Mark Twain. His book about

00:07:12.460 john d rockefeller the last third of it details the obsession and the depression almost that john

00:07:21.040 d rockefeller went through towards the end of his life realizing it was going to be very difficult

00:07:25.320 for him to give away his money he wanted to give it away but a billion dollars a couple of billion

00:07:30.680 dollars back then was almost just physically impossible to do it in any kind of judicious

00:07:36.740 way whatsoever he could have just dropped it out of an airplane but he couldn't even get the the

00:07:40.920 paper money to do that so no he couldn't have even done that actually and so what he ended up doing

00:07:46.540 was finding a couple of pet projects where he made an impact and he was able to see that impact even

00:07:52.100 while he was still alive rockefeller university which stands not all that far from where i'm

00:07:57.580 doing this program live for you this evening was dedicated to researching ways to solve diseases

00:08:05.680 to cure diseases, one of which was ringworm,

00:08:10.380 which was hurting the population of the American South.

00:08:16.140 They not only figured out what was causing it,

00:08:18.360 because they didn't even know what was causing it at first.

00:08:20.000 Basically, it was people not wearing shoes.

00:08:22.500 Southern culture, even sometimes middle-class people

00:08:25.960 would walk around without shoes all the time. 0.85

00:08:28.520 That's where they get that term tar heels from North Carolina,

00:08:31.180 for those of you who don't know,

00:08:32.200 because they were walking and getting tar on their feet.

00:08:35.680 Well, it turns out you walk barefoot too much, especially over certain parts of land, and parasites can get into your body that way, through your feet.

00:08:47.300 And they found this out.

00:08:49.040 Not only did they find this out, but then the Rockefeller University and Rockefeller started donating mountains of shoes to the people in the South.

00:08:57.260 I'm just giving you this one example.

00:08:58.900 That could have been enough in some ways to justify his attempts, but he was still not happy with that.

00:09:04.380 He wanted more.

00:09:06.640 Before the establishment of Rockefeller University, he basically created the University of Chicago, which certainly became one of our great academic institutions in the country.

00:09:15.700 But very quickly, even while he was still alive, he saw it diverting from the path that he wanted.

00:09:21.280 He wanted it to be much more independent of the American academic system.

00:09:24.400 And it was for some time, but eventually it became like some of the other universities.

00:09:29.180 And he was disappointed in that result.

00:09:30.960 Andrew Carnegie also coming to the end of his life realizes his children are okay

00:09:38.020 doesn't need to worry about them who wants he wants to make a big chair and he doesn't know

00:09:43.020 what to do because it's just too much money and not enough time and not enough ways to

00:09:47.720 give that money away properly and in many ways Andrew Carnegie actually

00:09:54.020 after he died did succeed better than he may have realized while he was alive and that is

00:10:01.840 the public library system in america you hear a lot of people when they talk about how they

00:10:07.160 love socialism and they talk about socialism in america and they say what about the public

00:10:11.680 libraries they're such a great thing they were very few of them before andrew carnegie started

00:10:17.900 donating the money to create them. That's not socialism. That's the offshoot of capitalism and

00:10:23.960 charity. Anyway, so Titan is the book about John D. Rockefeller that will go into much more detail

00:10:29.300 and do better narrative than I could about what I just said about John D. Rockefeller.

00:10:34.240 And the book about Andrew Carnegie that I consider to be the best is by David Nassau,

00:10:38.160 N-A-S-A-W. The name of the book is simply Andrew Carnegie. These books talk about this.

00:10:44.820 So I predict that Elon Musk at some point, maybe it'll be 10 years from now, maybe it'll be 20, maybe it'll be sooner than that. He'll start to become just like Carnegie and Rockefeller and become obsessed with giving away massive amounts of money and finding that it's not so easy. Easier said than done.

00:11:02.080 and before we go to break and again i'm going to talk about the politics of this the culture of

00:11:09.740 this all of it because this to me is the number one story in america right now even as we await

00:11:14.060 yet another confirmation or lack thereof on the iran deal which of course as you know is a major

00:11:18.840 story for not only me but the whole world but to me this is the biggest story in america right now

00:11:23.860 and it needs to be broken down and people who love liberty and people who are patriotic in this

00:11:28.000 country need to know the facts about this incredible wealth, how it was established,

00:11:34.180 and how to talk about it. Because you can bet the enemies of liberty and enemies of this country

00:11:39.160 are going to be grabbing the narrative unless we do it as well, or unless we grab it first.

00:11:45.060 So you've heard my prediction. Here's my advice to Elon Musk when it comes to charity.

00:11:49.580 the highest form of charity is giving someone a job not a make work job not a mercy job

00:11:59.340 giving a person a job that's needed that you need to be done so elon musk again i am not arrogant

00:12:07.260 enough to think that you're listening to me or need to listen to me but if for some reason

00:12:11.120 you or one of your employees is listening listen to me now if you want to help the most people that

00:12:19.220 that you possibly can between now and the end of your life

00:12:22.520 with this massive amount of money.

00:12:24.620 Don't start any charities.

00:12:27.180 Just keep building and creating new businesses.

00:12:32.540 That will do more to eradicate charity and to eradicate,

00:12:36.560 I don't want to eradicate charity,

00:12:38.620 to eradicate poverty than any of those other things.

00:12:44.400 And it will be much more valuable than charity.

00:12:46.540 It will be the highest form of charity,

00:12:48.980 much more valuable than your run-of-the-mill charity.

00:12:52.420 Keep making businesses.

00:12:54.420 Don't stop.

00:12:55.200 You're good at it.

00:12:56.080 You've created incredible wealth.

00:12:58.900 I'm Jake Novak, in for Roger Stone.

00:13:00.780 This is The Stone Zone.

00:13:01.420 When we come back, I'm going to get into the politics of this

00:13:04.240 and the talking points, good talking points,

00:13:07.380 you need to know about this particular topic

00:13:10.440 before the left tries to hijack this amazing moment in history.

00:13:14.300 Be right back.

00:13:18.980 The Stone Zone, entertaining and informative on the Red Apple Podcast Network.

00:13:25.860 And I'm Jake Novak filling in for Roger Stone tonight on The Stone Zone.

00:13:30.440 So let's get into some of the politics of this.

00:13:33.120 And I warn you, the Democrats and leftist politicians are banking on your economic ignorance so very often.

00:13:43.720 And they're going to do it and they already are doing it with this Elon Musk story.

00:13:48.840 Here's what California Governor Gavin Newsom has to say,

00:13:51.600 and boy, he's someone who should not be talking right now

00:13:54.940 because Elon Musk moved his businesses and himself out of the state of California

00:14:00.740 and the billions of dollars the state of California has lost because of that.

00:14:04.960 Today alone is almost really kind of an impeachable offense

00:14:10.540 or a recallable offense for Gavin Newsom, really.

00:14:14.140 That's how much the little personal nastiness that Newsom was so proud to show several years ago has cost the state of California.

00:14:24.200 But here's what he had to say, quote, about Musk becoming a trillionaire.

00:14:28.720 Quote, Americans are struggling to pay for groceries and gas.

00:14:32.280 We're always, by the way, struggling to pay for groceries and gas.

00:14:35.620 That statement needs to be quantified.

00:14:37.460 Is it more Americans than usual?

00:14:39.500 More Americans than the historical average?

00:14:43.160 It's already with economic ignorance that he's banking on when he writes stuff. 0.99

00:14:47.920 Your economic ignorance.

00:14:49.780 Americans are struggling to pay for groceries and gas while Elon Musk becomes a trillionaire in all caps. 0.90

00:14:56.400 When the federal government is for sale, the rich get richer and everyone else gets shafted.

00:15:02.760 The system is rigged.

00:15:05.260 First of all, what system is he talking about?

00:15:08.540 He's been the governor of America's largest, most populated state for basically eight years.

00:15:17.260 What's he done about it, if he really believes that?

00:15:23.580 But here's the thing I want to focus on.

00:15:26.120 The everyone else gets shafted.

00:15:28.960 Oh, yeah?

00:15:30.640 What about the dozens and dozens of SpaceX employees today who became multimillionaires?

00:15:36.620 They got shafted?

00:15:38.540 What about the many people who invested in SpaceX over the years via the ways that you can invest sometimes in a private company?

00:15:47.860 They got shafted.

00:15:50.240 Washington University in St. Louis, which is, I would say, a midsize university.

00:15:54.740 It's not a massively big university like a University of Michigan or a Penn State.

00:15:59.120 Good school.

00:16:00.480 Good undergraduate school.

00:16:01.780 Good law school. 1.00

00:16:02.680 My sister went there for law school. 1.00

00:16:05.340 Good school.

00:16:06.060 It's in St. Louis.

00:16:06.920 Washington University in St. Louis.

00:16:08.540 Check it out.

00:16:10.100 They invested $50 million in their endowment fund about 10 years ago,

00:16:15.760 a little less than that, in SpaceX.

00:16:18.380 What was the reason for it?

00:16:19.640 Well, you know, universities often invest in these technological companies

00:16:22.700 or in pharma companies and things like that.

00:16:24.320 They made 3,000% on their money today.

00:16:29.520 That $50 million, now $1.5 billion per university.

00:16:38.540 Everyone else didn't get shafted.

00:16:40.380 Don't you understand that to become rich in America,

00:16:43.660 you often need to be in the orbit or investing with an even richer person.

00:16:49.920 That's how it works.

00:16:51.220 This isn't Smaug in that castle in The Hobbit just sitting on the gold money.

00:16:59.160 It gets spent.

00:17:01.300 It gets reinvested.

00:17:04.120 No truly smart rich person just sits on their pile of money

00:17:07.660 because they know, via inflation, it's just going to get less valuable over time.

00:17:13.520 Smaug is a fictional character.

00:17:15.640 The idea that somebody getting rich makes other people poor,

00:17:19.460 like it's 2 plus 2 equals 4, is a false equation.

00:17:23.220 More often than not, someone getting super rich means a lot of other people got almost as super rich.

00:17:28.480 That's how it works.

00:17:29.660 Talk more about this when we come back on The Stone Zone.

00:17:32.340 I'm Jake Novak.

00:17:37.660 The Stone Zone, entertaining and informative on the Red Apple Podcast Network.

00:17:44.340 And I'm Jake Novak filling in for Roger Stone again and deciding to dedicate this entire program

00:17:49.220 because it has political, economic, cultural, religious connotations.

00:17:54.540 Elon Musk becoming the first world trillionaire.

00:17:57.580 By the way, to give you an idea how outlandish the idea of even having a trillionaire is

00:18:03.100 or was just a couple of years ago.

00:18:06.600 I was typing in the word trillionaire in a lot of my copy today

00:18:09.880 for other programs I'm working for here,

00:18:12.340 and it came up as a misspelled word.

00:18:15.100 It really did.

00:18:16.880 And I know I didn't have a typo.

00:18:18.220 It just kept coming up as a misspelled word.

00:18:21.200 But I want you to listen to what Elon Musk had to say

00:18:24.420 to the employees of SpaceX,

00:18:27.200 employees that he made very, very wealthy today

00:18:29.900 about all of this.

00:18:31.880 And I want you to remember one word when he says that when he talks this way, when you hear this, and that one word is risk.

00:18:38.220 Listen to this.

00:18:39.420 And let me tell you, if people had told me this was going to happen, I was like, man, you must be smoking some really good crack because I think this company is going to fail.

00:18:52.420 Well, I obviously didn't think it was going to fail, but he knew he was taking a big risk.

00:18:55.900 you can't create new wealth and new value without taking a big risk who was the first

00:19:04.060 risk taker in our human at least western civilization history and our lore who was

00:19:10.320 the first risk taker who was the first risk-taking capitalist although with the spiritual reason for

00:19:16.060 it want to guess Abel of the Cain and Abel story Abel takes a risk he works very hard with his

00:19:25.160 livestock and sacrifices that livestock in hopes that his sacrifice to God will lead him to even

00:19:31.260 more riches in the future, more good fortune. And Cain resents him. He isn't jealous. Cain doesn't

00:19:39.920 give a rat's patoot about any of those things. He just thinks that Abel made him look bad 0.65

00:19:45.780 for his relative lack of effort, and he kills him. Resentment, not jealousy.

00:19:50.120 Elon Musk in that soundbite is talking to a bunch of people he just made very wealthy 1.00

00:19:56.440 he didn't get all the money sorry Gavin Newsom you're an economic moron in addition to being 0.99

00:20:02.660 a moral degenerate which is why you're a politician politics attracts people like this 0.98

00:20:11.280 Elon Musk I'm not sainting him I'm just telling you that when you have someone who creates

00:20:18.040 a tremendous fortune.

00:20:20.540 They make other people very wealthy.

00:20:25.200 And no, he doesn't need all that money.

00:20:28.040 Is that a question of what he needs or doesn't need?

00:20:29.920 He's not going to be hoarding it.

00:20:31.920 Does Elon Musk look like he's going to slow down

00:20:33.580 and just lay on a beach for the rest of his life to you?

00:20:36.260 I don't think so.

00:20:37.420 God willing, he will continue to create businesses

00:20:39.560 because, again, that's how you create wealth,

00:20:41.660 not just for yourself, but for other people.

00:20:45.980 That's how it works.

00:20:48.040 can people stop being so economically ignorant and think that every billionaire and more 0.77

00:20:53.560 are like Smaug the Dragon from The Hobbit? That's not how it works. Stop being so ignorant.

00:20:59.380 Can people stop thinking that there's some kind of finite pie that's out there of money 0.99

00:21:03.380 and that every time somebody gets a dollar, somebody somewhere else loses a dollar? That's

00:21:07.700 not how economics works. This is what fifth graders and younger should believe. Anybody

00:21:12.780 older than that should know that the pie is expanded when new wealth is created. It isn't

00:21:18.060 taken away from somebody else. Being a billionaire, according to the great economic lesser light of

00:21:24.800 our day, AOC, Alexandria Ocasio-Cortez, who's one of the great standard bearers of economic

00:21:30.700 ignorance in this country. And in her case, I don't think that she knows the truth. I think

00:21:35.420 she doesn't know the truth. But even if she did, she would still say these things to foment

00:21:39.560 resentment because that's how these people get elected she said that the the actual being a

00:21:45.780 billionaire should be against the law this is this economic ignorance this is from people who don't

00:21:51.940 haven't been instructed properly on economics and if you think economics professors would do a great

00:21:57.540 job i've met a lot of economics professors who are socialists so they're literally telling

00:22:02.120 everybody in the world i'm not qualified for the title that i carry socialism required to be to be

00:22:09.260 The believer in socialism requires a specific ignorance or rejection of economic laws.

00:22:15.120 So you can be a professor of politics or even of sociology if you want to.

00:22:20.660 But if you're an economics professor who is an avowed socialist, and many of them are, it's an oxymoron.

00:22:28.640 Simple as that.

00:22:30.460 It's like being a geologist who believes the world is flat.

00:22:33.420 That doesn't work for me.

00:22:35.060 It doesn't work for anyone.

00:22:35.900 but the political stuff here is very dangerous because denigrating people who have made a lot

00:22:43.500 of money and when you make a lot of money in this country by default you are making other people

00:22:48.020 money too that's how it works we don't want to discourage these people we don't want them to

00:22:53.800 take their ball and go home luckily for us Elon Musk had Texas to move to from California what

00:23:00.600 if there was no other state in the United States that would have offered a more business-friendly

00:23:04.400 opportunity for him maybe he would have gone to china maybe he would have gone somewhere i mean

00:23:07.840 that would have been a disaster for the whole country this is serious you must know your

00:23:15.560 economic facts if you're going to be in the public square in america and i'm telling you right now

00:23:21.120 even among our conservative and republican friends out there not enough of you know this

00:23:26.040 repeat after me the highest form of charity is creating a job that's much better than giving out

00:23:33.760 than giveaways and handouts.

00:23:37.640 Not just because it makes somebody feel better,

00:23:41.380 but because it perpetuates the wealth

00:23:43.520 that you're giving them.

00:23:46.400 Gee, what's the book that says,

00:23:48.620 give a man a fish and he'll eat for one day,

00:23:53.460 teach a man to fish and he'll eat forever? 0.79

00:23:57.520 Listen, love or hate religion,

00:23:59.580 love or hate established religion,

00:24:00.900 And can we all agree that the Bible has so much knowledge in it, especially about human nature?

00:24:08.520 That's the great value, even for secularists, of the Bible.

00:24:14.840 You don't have to read it in school and make it part of the regular curriculum.

00:24:18.100 I'm not saying any of that, although it would help, even through the learning of the arts.

00:24:23.940 How do you go to college and take art history without knowing the Bible?

00:24:27.060 It must be really difficult.

00:24:28.600 What's that?

00:24:30.900 Here's a painting of Abraham about to sacrifice Isaac.

00:24:34.360 Who?

00:24:36.480 Whatever, that's another story.

00:24:39.300 But the political act of resentment,

00:24:41.680 this is what's going to happen because you have a big headline.

00:24:44.500 Elon Musk's the first world trillionaire.

00:24:46.600 The Democrats are looking at this and they've already started to pounce.

00:24:50.080 Ah, someone's a trillionaire.

00:24:51.720 We can use the politics of resentment for our own gains here.

00:24:57.220 Don't let him, everybody.

00:24:58.500 Make it clear that you understand

00:25:02.000 That someone becoming a trillionaire in America

00:25:03.740 Means a lot of other people became millionaires and billionaires

00:25:06.220 Just today

00:25:07.100 Let alone the people who have been investing with him

00:25:09.020 All these other years

00:25:10.420 And let alone all the other billionaires out there

00:25:13.200 Who have made people wealthy

00:25:14.340 What's he supposed to do?

00:25:18.220 Give every penny

00:25:19.340 Hire a C-130

00:25:22.040 And just drop a bunch of money out of the plane

00:25:25.240 This is what you want?

00:25:28.500 800-848-9222 want to hear what you think about these things andrew in new jersey

00:25:35.360 you've got a thought about this what do you got to say definitely it reminds me of obama when he

00:25:41.700 said you didn't build that someone else is responsible for that and he would say you don't

00:25:47.220 need all that money but um now that he's out of office and he's in the free market somewhat with

00:25:53.660 Netflix. Now maybe he has a more mature understanding, but the people, they don't,

00:25:59.520 they're not making that as their salary. Like it's a business. It's not their income. And, um,

00:26:06.020 they create jobs. Like the shark tank guy said, the best thing you could do is become rich because

00:26:10.960 then you open businesses and create jobs. And you too, Bono said the same, like exactly what you're

00:26:16.960 saying charity's important and good, but economics and free market is the ultimate solution.

00:26:24.700 And Fashion for Development, this group that I worked with, they raise money for businesses

00:26:30.080 for females around the world in developing countries or even here in the U.S.

00:26:35.720 So they don't just give charity, but they give startup money.

00:26:39.200 And my neighbor was like, oh, when Trump ran, see if he lets you in Mar-a-Lago.

00:26:45.180 And I said, well, I would go there as a photographer or videographer, and I know landscaping, you know, I could work at Mar-a-Lago.

00:26:52.880 So it's exactly what you're saying.

00:26:55.100 Like Elon Musk, last example, the lady when Obama ran against Romney, she was saying the taxes have to be whatever high enough that would make Mitt Romney's kids have to go to work.

00:27:08.720 And I was saying, like, they're going to work no matter what the tax rate is.

00:27:12.180 Like, they have pride.

00:27:13.440 They want to show that they can make money and create products.

00:27:17.420 And so it's exactly what you're saying.

00:27:18.180 That's another good point, by the way.

00:27:21.280 I understand the pitfalls of inherited wealth, but I also understand the history of that.

00:27:30.300 If you end up having heirs who just take the money and don't work and don't have anything of their own,

00:27:37.320 then don't worry, folks.

00:27:38.780 They'll squander the fortune soon enough.

00:27:41.140 That's one thing.

00:27:41.680 But the other thing is this.

00:27:43.440 You know, a lot of the children of very wealthy people earn their inheritance.

00:27:50.440 What do I mean by that?

00:27:52.040 Ask some of the children of some of the very wealthy people out there how often they saw mommy and daddy while they were building that incredible fortune.

00:27:59.640 Ask them how much their lives were affected by the fact that these people were working so hard and not maybe spending the kind of family time that other people get.

00:28:10.380 you know

00:28:13.060 I don't know if they've earned every penny

00:28:15.980 but they've earned it

00:28:17.160 most people I know

00:28:18.520 the children of very wealthy people I know

00:28:21.360 have actually earned it big time

00:28:22.840 from what they lost

00:28:25.160 compared to having a normal upbringing

00:28:27.660 and a middle class or even upper middle class

00:28:29.460 lifestyle

00:28:30.140 that's something to think about

00:28:32.580 that's something to think about

00:28:34.920 but when somebody amasses

00:28:38.100 this kind of money

00:28:39.220 they have created wealth

00:28:42.100 unless we're talking about

00:28:43.200 maybe just someone

00:28:44.420 who bets on the markets

00:28:45.760 like a George Soros.

00:28:48.200 George Soros is a billionaire

00:28:49.620 because he bet

00:28:50.460 against the British pound

00:28:51.980 in the early 1980s,

00:28:53.180 late 1970s.

00:28:55.200 You could make the argument

00:28:56.620 that a billionaire like him

00:28:58.160 did not create

00:29:00.120 a lot of wealth

00:29:00.780 on the way up.

00:29:01.440 But even George Soros

00:29:02.620 with the horrible things

00:29:03.480 that he funds,

00:29:05.140 the horrible political

00:29:05.960 organizations that he funds

00:29:07.020 is employing some people.

00:29:08.260 I wish he weren't, at least not for that goal, for these goals that he's focusing on.

00:29:15.160 But even somebody like him has created wealth or jobs for people.

00:29:21.460 I mean, I don't think, again, I hate his goals.

00:29:25.580 It doesn't make billionaire saints.

00:29:27.200 That's the point.

00:29:27.940 By the way, we have a big problem in this country and a big problem in the news media, a big problem in our politics.

00:29:32.860 We're unable to talk about people unless we're sanctifying them or denigrating them.

00:29:38.260 Neither is necessary most of the time.

00:29:41.960 I don't have to completely demonize someone to say I'm not going to vote for them.

00:29:45.480 I'll make some exceptions.

00:29:46.520 A guy like Graham Plattner, I'm demonizing him.

00:29:48.840 I don't have a problem demonizing him.

00:29:50.500 Most of the other people I don't vote for, I don't need to demonize.

00:29:53.280 I'll just say I disagree with their policies and what they stand for.

00:29:59.200 But for the grace of God, I don't believe.

00:30:01.980 I could believe just like they do if I weren't lucky enough to have better experiences and better teachers.

00:30:08.260 in life both formal and informal and when i really like a candidate

00:30:13.860 you will never hear me say i love this guy i love that how can i love someone i've never met

00:30:21.100 you're never going to hear me say this is the greatest thing ever he says i i never do that

00:30:26.340 i had someone text me today guy i know saying here's your hero trump he's a i have no hero

00:30:32.680 among the living really that much.

00:30:36.480 I have people I admire very much

00:30:38.020 and love very much.

00:30:40.360 But the whole, I don't need a hero.

00:30:42.820 Now I got that song in my head.

00:30:44.280 I don't need a hero.

00:30:45.000 I just need people I know who I can emulate.

00:30:48.080 People I can learn from.

00:30:50.580 By the way, I highly recommend this strategy.

00:30:52.920 It will help you avoid the incredible hatred of people

00:30:56.240 and the incredible letdown you'll get

00:30:58.060 when people that you've loved let you down.

00:31:00.100 Don't make them into that.

00:31:01.460 Don't do that.

00:31:02.680 So I am not sanctifying the billionaires out there, but you know, one of the great gifts I've been given, and I don't know how I got this way, I really don't, but you know, nine out of 10 journalists look at a successful person, especially in financial news, and decide that it's their job to find out something wrong with them.

00:31:21.100 and i want to know if there's something wrong with them too in a serious way but

00:31:25.660 if they're in the news because they made a lot of money or they created a really successful

00:31:30.020 company or product my first inclination first second and third really is to celebrate that i

00:31:36.900 don't need to make you into a hero i just want to say hey great that you did this in the hopes

00:31:40.840 that someone will follow in that footsteps and do another great thing

00:31:45.280 this is how it works in america and how it should work in any free society

00:31:50.280 but resentment resentment like we again and i i like to focus on the story of cain and abel not

00:31:58.060 because of this is not bible story time and i'm not here i'm not a preacher and i'm certainly not

00:32:02.500 a lot here to convert you or to missionize or proselytize by the way my religion doesn't allow

00:32:07.140 that so i'm not here to recruit you i'm just here to tell you in an interesting lesson in human

00:32:13.320 nature from the bible happens to be from the bible in the story of cain and abel abel is resentful

00:32:18.740 And the politics of resentment is something that, if you believe God authored the Bible or whoever else, whoever was the author of the Bible in your book, somebody understood that resentment was really, really dangerous.

00:32:30.680 So much so that in the oral mythology surrounding the Bible, the story is that Cain was so evil that when he died, the earth opened up and swallowed him.

00:32:41.100 there was no they didn't want a grave for him they didn't want any he just didn't deserve

00:32:46.540 anything because they understood that resentment was the kind of thing that could destroy

00:32:51.260 civilization Cain destroyed the civilization of his family again in this narrative people

00:33:00.760 who are resentful by the way it's okay to be jealous I think it's okay to be jealous because

00:33:04.720 if you're actually just jealous and not resentful there's a good chance you will be inspired to

00:33:09.700 achieve great things of your own get great things of your own hopefully through good good means

00:33:14.780 it's the resentment we got to worry about someone who says my neighbor has a good car

00:33:19.700 and i'm going to go smash it as opposed to saying my neighbor has a good car i want to make a little

00:33:24.640 extra money this week and for the next 10 weeks so i can get it too

00:33:28.020 if you have resentment though that's destruction resentment equals destruction and the people who

00:33:35.060 are going to try to get your vote and get you riled up with resentment to what Elon Musk has

00:33:40.640 done today and become today are not only bad for you, they're bad for the world. They're bad for

00:33:47.620 civilized society. They are the most dangerous element in the world. Resentment. That's how that

00:33:55.500 works. Got some more callers when we come back. I'm Jake Novak in for Roger Stone. This is the

00:34:03.220 Stone Zone, talking about the big story of the day.

00:34:05.380 Elon Musk, the world's first trillionaire, don't fall into the resentment trap.

00:34:13.000 The Stone Zone, entertaining and informative on the Red Apple Podcast Network.

00:34:20.000 And I'm Jake Novak in for Roger Stone.

00:34:21.720 Last few minutes of the program here.

00:34:24.000 Big story today, Elon Musk becoming the world's first trillionaire.

00:34:27.060 If you're just joining us, here's the shortened version of how you need to respond to this

00:34:31.480 if people decide to try to stoke your resentment over it.

00:34:34.760 Yes, Elon Musk has become the first trillionaire,

00:34:37.180 but hundreds, if not thousands of people

00:34:39.760 were also made wealthy

00:34:41.520 because of his march to trillionairehood.

00:34:44.620 That's how it works.

00:34:46.940 There isn't somebody out there

00:34:48.400 who should be a trillionaire

00:34:49.960 because Elon Musk is,

00:34:51.540 and he didn't get it, or she didn't get it.

00:34:53.320 That's not how it works.

00:34:54.340 Understand the expanding pie of wealth

00:34:57.440 and how you could have infinite wealth.

00:35:00.180 luckily you can only go to zero you can have a lot of debts i understand that but

00:35:05.720 you can you have either have nothing or you but the infinite amount of what you can have

00:35:09.820 acts as a motivator for some people and as you reach wealth you cannot just reach wealth on your

00:35:16.460 own you have to end up even if you don't want to it's going to make other people very wealthy

00:35:22.080 especially if you become massively wealthy tony in clifton new jersey you also see some lessons

00:35:27.880 in scripture for this, don't you? Jake, what a great topic. I mean, I'm delighted for Elon Musk

00:35:34.120 because I'm a student of economics. I got into it later. And I'm also a student of the Bible. So

00:35:40.160 for those people who have things to say, like you're saying, we need to be up on our topics

00:35:45.900 and know what we're talking about. But biblically, you know, which is what the Democrats really don't

00:35:50.860 talk about is that God also wants this. In Jeremiah, he says, I, you know, have a plan

00:35:58.320 to prosper you and not to harm you. And biblically, we see many people prosper in the Bible.

00:36:04.900 That's right. That's right. And that's why Cain is somewhat arguably, but I think actually

00:36:12.020 there is no argument. That's why Cain is the greatest villain in the Bible. And again,

00:36:17.860 And according to other holy scriptures, not necessarily the Bible, but other holy texts,

00:36:26.420 he was uniquely punished upon the time of his death because he is the founder, at least

00:36:34.760 again, if you don't believe the Bible's literal, it doesn't matter.

00:36:37.040 He is at least the spiritual leader or founder of the movement of resentment, which takes

00:36:43.720 away wealth.

00:36:44.720 Resentment is a wealth destroyer, a prosperity destroyer, a civilization destroyer.

00:36:51.660 And the pursuit of selfish self-interest, more often than not, creates better civilization, better prosperity, better happiness.

00:37:01.460 Sometimes it can be too selfish, but honestly, most of the time it isn't.

00:37:07.060 Be prepared to argue this, my friends, because the left is going to try to make this trillionaire story into their banner.

00:37:13.120 Don't let them.

00:37:14.720 Thanks for listening to The Stone Zone with Roger Stone.

00:37:19.440 You can hear The Stone Zone with Roger Stone weeknights at 8 on 77 WABC.

00:37:25.400 If you like the podcast, share it with your friends and listen anytime at wabcradio.com

The Stone Zone ｜ 06-12-26

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