The StoneZONE with Roger Stone

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00:01:33.060 and informative on the red apple podcast network when i got into the news business the tv news

00:01:40.200 business in 1994 the mantra that was pounded into our heads whether it was local news and I started

00:01:48.680 out small local news in Bangor Maine producing there all the way up to national news was story

00:01:53.840 count we wanted to get 22 23 stories in at least per hour and in local news 23 stories per half

00:02:03.440 hour that was just the standard uh you can turn on your national news tonight any of the stations

00:02:11.060 you'd be lucky if you get five stories in an hour usually fewer than that i usually like to get a

00:02:17.780 story count in make a quick comment or sometimes a longer comment but on a number of stories but

00:02:22.500 i have to tell you folks your number one story and the story i would like to break down for many

00:02:27.780 different reasons for the course of this hour and i want to get your thoughts on it as well

00:02:31.660 800-848-9222 is the number to call i want to talk about spacex elon musk becoming the first

00:02:41.820 trillionaire because if you think this is just a stock market story you're very wrong if you think

00:02:47.620 this is just an economic story you're very wrong if you think this is just a cultural story you're

00:02:52.400 very wrong if you think this is basically like a celebrity story you're very wrong only these things

00:02:57.180 it's a it's a lunch of those things together and if you think it's a political story well you're

00:03:01.180 on the right track, but also it's not just that. One of the things that really concerns me

00:03:08.960 about conservative and Republican voters in this country, and this was true before President Trump,

00:03:15.380 a lot of people think that President Trump has brought in a bunch of populist economic 0.66

00:03:20.660 ignoramuses into the Republican Party. That's not true. It's at least not comparatively true,

00:03:27.940 Because if you think that the old establishment Republican voters, the Bush voters, and even the Reagan voters were very economically sophisticated, you'd be wrong about that as well.

00:03:40.100 But that's what concerns me. 0.97

00:03:42.580 The fact that voters of all stripes, of all parties, are so economically ignorant.

00:03:48.300 And that's very dangerous because economics, money, wealth, all that stuff is used as one of the primary, if not the primary, talking points of politics.

00:04:02.720 And with this news of Elon Musk becoming the world's first trillionaire and because of the SpaceX IPO today, we saw the money narrative of politics being used already by people, especially on the left.

00:04:16.340 nasty comments from people like

00:04:18.660 Gavin Newsom. I'll read you

00:04:20.700 what he had to say in a little

00:04:22.540 while.

00:04:24.880 And also getting people who

00:04:26.580 I think are actually

00:04:27.820 at their core conservative

00:04:30.560 patriotic Americans who don't understand

00:04:32.980 this story and they're also 1.00

00:04:34.680 parroting an ignorant 0.93

00:04:36.380 line, something along 0.98

00:04:38.660 the lines of, well

00:04:39.820 I'm for capitalism

00:04:42.980 and I'm for

00:04:44.480 economic liberty, but a trillion dollars?

00:04:47.500 I mean, that's too much.

00:04:50.320 No, it's not.

00:04:53.200 Elon Musk didn't steal this money.

00:04:55.920 This money was almost literally thrown at him by investors.

00:05:03.020 That's how he has a trillion dollars on paper, by the way.

00:05:05.880 By the way, it's on paper.

00:05:07.540 He's not sitting on top of a mountain of gold

00:05:10.220 or $1 trillion, $1 billion bill somewhere in a castle.

00:05:14.480 And I am using that imagery on purpose because I want to talk about the way that narratives

00:05:23.360 about very, very wealthy people with very massive amounts of money are thought of similar

00:05:28.100 to Smaug the dragon from The Hobbit.

00:05:34.260 That would be a fictional story, a fantasy fictional story, and it is the same in this

00:05:39.120 case.

00:05:40.140 And if you think I'm going to spend this hour praising really rich people and talking about

00:05:43.700 how great they are all the time.

00:05:44.800 You'd be also wrong.

00:05:45.880 That's not the point either.

00:05:50.000 But I'm going to start really briefly right now

00:05:52.400 with a couple of first predictions and advice for Elon Musk

00:05:56.740 with the full humility of knowing he's probably not looking to me for advice

00:06:00.720 or looking to me for predictions.

00:06:02.420 I understand that.

00:06:03.340 So I'm just doing this for you

00:06:04.660 because I like to inform my audience

00:06:08.080 based on the experience I've had not only covering politics

00:06:11.240 but working as a financial journalist for many decades

00:06:14.440 and also as someone who is a cultural student of our American culture

00:06:21.980 and student of economic and political philosophy.

00:06:25.320 Here's the first prediction.

00:06:28.180 Elon Musk is still a relatively young man,

00:06:30.640 but I can promise you that at some point he is very likely

00:06:35.740 to become obsessed with giving his money away

00:06:38.460 and frustrated by the fact that it will probably be physically impossible for him to do that.

00:06:46.560 Why do I say that?

00:06:47.780 Because as we talk about the first trillionaire in history, Elon Musk,

00:06:51.660 we have the experiences of the first billionaires in history

00:06:55.640 who, two examples, John D. Rockefeller and Andrew Carnegie,

00:07:03.820 or Carnegie, depending on how you like to pronounce his name,

00:07:06.200 I will give you all the credit of all that, if you want to call him that one way or the other.

00:07:13.040 I highly recommend two specific biographies about those two men.

00:07:18.580 Titan, about John D. Rockefeller by the great Ron Chernow, who's most well-known in America now for writing the Alexander Hamilton biography that was the inspiration for the Hamilton musical.

00:07:29.440 But Ron Chernow has written some other major masterpieces, the Warburgs, the Ulysses Grant book, something called Grant.

00:07:37.440 He has a new new ish book out now about Mark Twain, his book about John D. Rockefeller.

00:07:43.620 The last third of it. Details, the obsession and the depression almost that John D. Rockefeller went through towards the end of his life, realizing it was going to be very difficult for him to give away his money.

00:07:55.920 he wanted to give it away but a billion dollars a couple of billion dollars back then was almost

00:08:02.480 just physically impossible to do it in any kind of judicious way whatsoever he could have just

00:08:07.880 dropped it out of an airplane but he couldn't even get the the paper money to do that so no

00:08:11.500 he couldn't have even done that actually and so what he ended up doing was finding a couple of

00:08:18.140 pet projects where he made an impact and he was able to see that impact even while he was still

00:08:22.020 live rockefeller university which stands not all that far from where i'm doing this program live

00:08:28.240 for you this evening was dedicated to researching ways to solve diseases to cure diseases one of

00:08:37.400 which was ringworm which was hurting the the population of the american south they not only

00:08:46.380 figured out what was causing it because they didn't even know what was causing it at first

00:08:49.220 Basically, it was people not wearing shoes.

00:08:51.820 Southern culture, even sometimes middle class people would walk around without shoes all the time.

00:08:57.920 That's where they get that term tar heels from North Carolina, for those of you who don't know,

00:09:01.840 because they were walking and getting tar on their feet.

00:09:05.620 Well, it turns out you walk barefoot too much, especially over certain parts of land,

00:09:11.360 and parasites can get into your body that way, through your feet.

00:09:16.600 And they found this out.

00:09:17.840 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.

00:09:26.600 I'm just giving you this one example.

00:09:28.260 That could have been enough in some ways to justify his attempts, but he was still not happy with that.

00:09:33.760 He wanted more.

00:09:36.000 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.

00:09:45.040 But very quickly, even while he was still alive, he saw it diverting from the path that he wanted.

00:09:50.620 He wanted it to be much more independent of the American academic system.

00:09:53.740 And it was for some time, but eventually it became like some of the other universities.

00:09:58.520 And he was disappointed in that result.

00:10:01.160 Andrew Carnegie also coming to the end of his life realizes his children are OK.

00:10:08.260 Doesn't need to worry about them.

00:10:09.580 who wants to make a big charity

00:10:11.800 and he doesn't know what to do

00:10:12.900 because it's just too much money and not enough time

00:10:15.520 and not enough ways to give that money away properly.

00:10:20.340 And in many ways, Andrew Carnegie actually,

00:10:24.820 after he died,

00:10:27.200 did succeed better than he may have realized

00:10:29.660 while he was alive.

00:10:30.560 And that is the public library system in America.

00:10:34.720 You hear a lot of people when they talk about

00:10:36.200 how they love socialism

00:10:37.840 and they talk about socialism in America

00:10:39.460 and they say, what about the public libraries?

00:10:41.640 They're such a great thing.

00:10:43.500 There were very few of them

00:10:45.140 before Andrew Carnegie started donating the money

00:10:48.240 to create them.

00:10:49.640 That's not socialism.

00:10:51.180 That's the offshoot of capitalism and charity.

00:10:54.120 Anyway, so Titan is the book about John D. Rockefeller

00:10:57.200 that will go into much more detail

00:10:58.640 and do better narrative than I could

00:11:00.280 about what I just said about John D. Rockefeller.

00:11:03.320 And the book about Andrew Carnegie

00:11:04.820 that I consider to be the best is by David Nassau,

00:11:07.500 N-A-S-A-W.

00:11:08.820 The name of the book is simply Andrew Carnegie.

00:11:12.580 These books talk about this.

00:11:14.580 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.

00:11:21.320 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.

00:11:30.200 Easier said than done.

00:11:31.420 and before we go to break and again i'm going to talk about the politics of this the culture of

00:11:39.060 this all of it because this to me is the number one story in america right now even as we await

00:11:43.420 yet another confirmation or lack thereof on the iran deal which of course as you know is a major

00:11:48.160 story for not only me but the whole world but to me this is the biggest story in america right now

00:11:53.200 and it needs to be broken down and people who love liberty and people who are patriotic in this

00:11:57.340 country need to know the facts about this incredible wealth, how it was established,

00:12:03.500 and how to talk about it. Because you can bet the enemies of liberty and enemies of this country

00:12:08.480 are going to be grabbing the narrative unless we do it as well, or unless we grab it first.

00:12:14.400 So you've heard my prediction. Here's my advice to Elon Musk when it comes to charity.

00:12:18.900 the highest form of charity is giving someone a job not a make work job not a mercy job

00:12:28.660 giving a person a job that's needed that you need to be done so elon musk again i am not arrogant

00:12:36.580 enough to think that you're listening to me or need to listen to me but if for some reason

00:12:40.460 you or one of your employees is listening listen to me now if you want to help the most people that

00:12:48.560 you possibly can between now and the end of your life with this massive amount of money.

00:12:53.940 Don't start any charities.

00:12:56.500 Just keep building and creating new businesses.

00:13:01.860 That will do more to eradicate charity and to eradicate, I don't want to eradicate charity,

00:13:07.960 to eradicate poverty than any of those other things.

00:13:13.700 And it will be much more valuable than charity.

00:13:15.880 It will be the highest form of charity,

00:13:18.400 but much more valuable than your run-of-the-mill charity.

00:13:21.780 Keep making businesses.

00:13:23.760 Don't stop.

00:13:24.540 You're good at it.

00:13:25.420 You've created incredible wealth.

00:13:28.260 I'm Jake Novak in for Roger Stone.

00:13:30.120 This is The Stone Zone.

00:13:30.760 When we come back, I'm going to get into the politics of this

00:13:33.580 and the talking points, good talking points,

00:13:36.720 you need to know about this particular topic

00:13:39.780 before the left tries to hijack this amazing moment in history.

00:13:43.500 Be right back.

00:13:45.880 Get ready, Staten Island.

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00:14:20.280 The Stone Zone.

00:14:22.280 Entertaining and informative.

00:14:24.420 On the Red Apple Podcast Network.

00:14:27.440 And I'm Jake Novak filling in for Roger Stone tonight on The Stone Zone.

00:14:32.060 So let's get into some of the politics of this.

00:14:34.760 And I warn you. 0.96

00:14:36.880 The Democrats and leftist politicians are banking on your economic ignorance.

00:14:44.180 So very often, and they're going to do it and they already are doing it with this Elon Musk story.

00:14:50.280 Here's what California Governor Gavin Newsom has to say.

00:14:53.280 And boy, he's someone who should not be talking right now because Elon Musk moved his businesses and himself out of the state of California and the billions of dollars the state of California has lost because of that.

00:15:06.640 today alone is almost really kind of an impeachable offense or a recallable offense

00:15:13.520 for Gavin Newsom. Really. That's how much the little personal nastiness between that Newsom

00:15:21.020 was so proud to show several years ago has cost the state of California. But here's what he had

00:15:26.500 to say, quote, about news about Musk becoming a trillionaire, quote, Americans are struggling

00:15:31.740 to pay for groceries and gas we're always by the way struggling to pay for groceries and gas

00:15:36.960 that statement needs to be quantified is it more americans than usual more americans than the

00:15:42.140 historical average that's already with economic uh ignorance that he's banking on when he writes

00:15:49.160 stuff your economic ignorance americans are struggling to pay for groceries and gas while

00:15:53.840 elon musk becomes a trillionaire in all caps when the federal government is for sale 0.76

00:16:00.200 Well, the rich get richer and everyone else gets shafted.

00:16:04.420 The system is rigged.

00:16:06.900 First of all, what system is he talking about?

00:16:10.320 He's been the governor of America's largest, most populated state for basically eight years.

00:16:19.000 What's he done about it?

00:16:21.380 If he really believes that.

00:16:25.320 But here's the thing I want to focus on.

00:16:27.420 The everyone else gets shafted.

00:16:30.200 Oh, yeah. What about the dozens and dozens of SpaceX employees today who became multimillionaires? They got shafted.

00:16:40.480 What about the many people who invested in SpaceX over the years via the ways that you can invest sometimes in a private company?

00:16:49.500 They got shafted. Washington University in St. Louis, which is, I would say, a midsize university.

00:16:56.100 It's not a massively big university like a University of Michigan or Penn State.

00:17:00.800 Good school, good undergraduate school, good law school.

00:17:04.360 My sister went there for law school.

00:17:07.020 Good school. It's in St. Louis.

00:17:08.600 Washington University in St. Louis.

00:17:10.320 Check it out.

00:17:11.780 They invested $50 million in their endowment fund about 10 years ago,

00:17:17.440 a little less than that, in SpaceX.

00:17:20.040 What was the reason for it?

00:17:21.320 Well, universities often invest in these technological companies

00:17:24.360 or in pharma companies and things like that.

00:17:26.100 They made 3,000% on their money today.

00:17:31.220 That $50 million, now $1.5 billion for a university.

00:17:40.220 Everyone else didn't get shafted.

00:17:42.040 Don't you understand that to become rich in America,

00:17:45.260 you often need to be in the orbit or investing with an even richer person?

00:17:51.620 That's how it works.

00:17:52.520 This isn't Smaug in that castle in The Hobbit, just sitting on the gold money.

00:18:00.900 It gets spent.

00:18:03.020 It gets reinvested.

00:18:05.600 No truly smart rich person just sits on their pile of money because they know, via inflation, it's just going to get less valuable over time.

00:18:15.100 Smaug is a fictional character.

00:18:16.500 The idea that somebody getting rich makes other people poor, like it's 2 plus 2 equals 4, is a false equation.

00:18:24.880 More often than not, someone getting super rich means a lot of other people got almost as super rich.

00:18:30.160 That's how it works.

00:18:31.320 Talk more about this when we come back on The Stone Zone.

00:18:34.020 I'm Jake Novak.

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00:19:08.840 The Stone Zone.

00:19:10.900 Entertaining and informative.

00:19:13.040 On the Red Apple Podcast Network.

00:19:15.720 And I'm Jake Novak filling in for Roger Stone again and deciding to dedicate this entire program because it has political, economic, cultural, religious connotations.

00:19:26.360 Elon Musk becoming the first world trillionaire.

00:19:29.400 By the way, to give you an idea how outlandish the idea of even having a trillionaire is or was just a couple of years ago,

00:19:38.380 I was typing in the word trillionaire in a lot of my copy today for other programs I'm working for here.

00:19:44.060 and it came up as a misspelled word it really did and i know i didn't have a typo it just kept

00:19:50.560 coming up as a misspelled word but uh i want you to listen to what elon musk had to say to the

00:19:56.620 employees of spacex employees that he made very very wealthy today about all of this and i want

00:20:04.280 you to remember one word when he says that when he talks this way when you hear this and that one

00:20:08.940 word is risk listen to this and let me tell you if people had told me this was the gonna happen

00:20:14.520 i was like man you must be smoking some really good crack because i think this company's gonna

00:20:22.160 fail and let me well i obviously didn't think it was going to fail but he knew he was taking a big

00:20:27.320 risk you can't create new wealth and new value without taking a big risk who was the first

00:20:35.880 risk-taker in our human, at least Western civilization history and our lore? Who was

00:20:42.140 the first risk-taker? Who was the first risk-taking capitalist, although with a spiritual reason for

00:20:47.880 it? Want to guess? Abel of the Cain and Abel story. Abel takes a risk. He works very hard

00:20:56.680 with his livestock and sacrifices that livestock in hopes that his sacrifice to God will lead him

00:21:02.460 to even more riches in the future,

00:21:05.200 more good fortune.

00:21:09.320 And Cain resents him.

00:21:10.380 He isn't jealous. 0.97

00:21:11.380 Cain doesn't give a rat's patoot

00:21:13.340 about any of those things. 0.65

00:21:14.940 He just thinks that Abel made him look bad

00:21:17.600 for his relative lack of effort, 0.99

00:21:19.840 and he kills him.

00:21:20.860 Resentment, not jealousy.

00:21:24.220 Elon Musk in that soundbite

00:21:25.640 is talking to a bunch of people

00:21:26.860 he just made very wealthy.

00:21:29.160 He didn't get all the money.

00:21:30.800 Sorry, Gavin Newsom. 1.00

00:21:31.700 you're an economic moron 1.00

00:21:33.120 in addition to being a moral degenerate 1.00

00:21:36.660 which is why you're a politician

00:21:39.980 politics attracts people like this

00:21:42.960 Elon Musk, I'm not sainting him

00:21:47.220 I'm just telling you that when you have someone

00:21:49.260 who creates a tremendous fortune

00:21:51.120 they make other people very wealthy

00:21:54.460 and no, he doesn't need all that money

00:21:59.260 is that a question of what he needs or doesn't need?

00:22:01.700 He's not going to be hoarding it.

00:22:03.760 Does Elon Musk look like he's going to slow down

00:22:05.400 and just lay on a beach for the rest of his life to you?

00:22:08.080 I don't think so.

00:22:09.260 God willing, he will continue to create businesses

00:22:11.380 because, again, that's how you create wealth,

00:22:13.440 not just for yourself, but for other people.

00:22:17.740 That's how it works. 0.98

00:22:20.860 Can people stop being so economically ignorant 0.96

00:22:23.420 and think that every billionaire and more 0.96

00:22:25.380 are like Smaug the Dragon from The Hobbit?

00:22:27.480 That's not how it works. 1.00

00:22:29.000 Stop being so ignorant. 0.97

00:22:30.200 Can people stop thinking that there's some kind of finite pie that's out there of money and that every time somebody gets a dollar, somebody somewhere else loses a dollar? That's not how economics works. This is what fifth graders and younger should believe. Anybody older than that should know that the pie is expanded when new wealth is created. 0.99

00:22:49.180 It isn't taken away from somebody else. Being a billionaire, according to the great economic lesser light of our day, AOC, Alexandria Ocasio-Cortez, who's one of the great standard bearers of economic ignorance in this country.

00:23:04.460 And in her case, I don't think that she knows the truth. I think she doesn't know the truth. But even if she did, she would still say these things to foment resentment because that's how these people get elected.

00:23:13.840 she said that the the actual being a billionaire should be against the law

00:23:18.820 this is this economic ignorance this is from people who don't haven't been instructed properly

00:23:26.400 on economics and if you think economics professors would do a great job i've met a lot of economics

00:23:30.540 professors who are socialists so they're literally telling everybody in the world i'm not qualified

00:23:35.780 for the title that i carry socialism required to be to be believer in socialism requires a specific

00:23:43.540 ignorance or rejection of economic laws so you can be a professor professor of politics or even

00:23:49.800 of sociology if you want to but if you're an economics professor who is an avowed socialist

00:23:55.160 and many of them are it's an oxymoron simple as that it's like being a geologist who believes

00:24:04.440 the world is flat that doesn't work for me doesn't work for anyone but the political stuff here is

00:24:11.700 very dangerous because denigrating people who have made a lot of money and when you make a lot

00:24:16.500 of money in this country by default you are making other people money too that's how it works

00:24:21.260 we don't want to discourage these people we don't want them to take their ball and go home

00:24:26.940 luckily for us Elon Musk had Texas to move to from California what if there was no other state

00:24:33.340 in the United States that would have offered a more business-friendly opportunity for him maybe

00:24:37.200 he would have gone to China maybe he would have gone somewhere I mean that would have been a

00:24:40.300 disaster for the whole country this is serious you must know your economic facts if you're going

00:24:49.260 to be in the public square in america and i'm telling you right now even among our conservative

00:24:54.340 and republican friends out there not enough of you know this repeat after me the highest form

00:25:01.000 of charity is creating a job that's much better than giving out than than giveaways and handouts

00:25:08.500 Not just because it makes somebody feel better, but because it perpetuates the wealth that you're giving them.

00:25:17.960 Gee, what's the book that says, give a man a fish and he'll eat for one day, teach a man to fish and he'll eat forever?

00:25:29.320 Listen, love or hate religion, love or hate established religion.

00:25:32.680 Can we all agree that the Bible has so much knowledge in it, especially about human nature?

00:25:40.480 That's the great value, even for secularists, of the Bible.

00:25:46.640 You don't have to read it in school and make it part of the regular curriculum.

00:25:49.920 I'm not saying any of that, although it would help, even through the learning of the arts.

00:25:55.760 How do you go to college and take art history without knowing the Bible?

00:25:58.880 It must be really difficult.

00:26:00.400 What's that?

00:26:02.680 Here's a painting of Abraham about to sacrifice Isaac.

00:26:06.180 Who?

00:26:08.360 Whatever, that's another story.

00:26:11.440 But the political act of resentment,

00:26:13.500 you got something, this is what's going to happen

00:26:14.840 because you have a big headline.

00:26:16.320 Elon Musk's the first world trillionaire.

00:26:18.400 The Democrats are looking at this

00:26:19.740 and they've already started to pounce.

00:26:21.900 Ah, someone's a trillionaire.

00:26:23.500 We can use the politics of resentment

00:26:26.000 for our own gains here.

00:26:29.040 Don't let him, everybody.

00:26:30.320 Make it clear that you understand

00:26:33.820 That someone becoming a trillionaire in America

00:26:35.560 Means a lot of other people became millionaires and billionaires

00:26:38.040 Just today

00:26:38.920 Let alone the people who have been investing with him

00:26:40.840 All these other years

00:26:42.240 And let alone all the other billionaires out there

00:26:45.020 Who have made people wealthy

00:26:46.160 What's he supposed to do?

00:26:50.040 Give every penny

00:26:51.160 Hire a C-130

00:26:53.860 And just drop a bunch of money out of the plane

00:26:57.060 This is what you want?

00:27:00.320 800-848-9222 want to hear what you think about these things andrew in new jersey

00:27:07.180 you've got a thought about this what do you got to say definitely it reminds me of obama when he

00:27:13.520 said you didn't build that someone else is responsible for that and he would say you don't

00:27:19.040 need all that money but um now that he's out of office and he's in the free market somewhat with

00:27:25.480 netflix now maybe he has a more mature understanding but the people they don't they're not making that

00:27:32.440 as their salary like it's a business it's not their income and um they create jobs like the

00:27:39.760 shark tank guy said the best thing you could do is become rich because then you open businesses

00:27:44.060 and create jobs and you too bono said the same like exactly what you're saying charities

00:27:49.600 It's important and good, but economics and free market is the ultimate solution.

00:27:56.520 And Fashion for Development, this group that I worked with, they raise money for businesses for females around the world in developing countries or even here in the U.S.

00:28:07.540 So they don't just give charity, but they give startup money.

00:28:10.640 And my neighbor was like, oh, when Trump ran, see if he lets you in Mar-a-Lago.

00:28:16.460 And I said, well, I would go there as a photographer or videographer, and I know landscaping, you know, I could work at Moro Lago.

00:28:24.780 So it's exactly what you're saying.

00:28:26.920 Like Elon Musk, last example, the lady when Obama ran against Romney, she was saying that taxes have to be whatever high enough that would make Mitt Romney's kids have to go to work.

00:28:40.460 And I was saying, like, they're going to work no matter what the tax rate is.

00:28:44.000 Like, they have pride.

00:28:45.260 They want to show that they can make money and create products.

00:28:49.240 And so it's exactly what you're saying.

00:28:50.020 That's another good point, by the way.

00:28:53.100 I understand the pitfalls of inherited wealth, but I also understand the history of that.

00:29:02.120 If you end up having heirs who just take the money and don't work and don't have anything of their own,

00:29:09.140 then don't worry, folks.

00:29:10.600 They'll squander the fortune soon enough.

00:29:12.960 That's one thing.

00:29:13.500 But the other thing is this.

00:29:15.260 You know, a lot of the children of very wealthy people earn their inheritance.

00:29:22.260 What do I mean by that?

00:29:23.860 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.

00:29:31.480 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.

00:29:42.200 you know

00:29:44.880 I don't know if they've earned every penny

00:29:47.800 but they've earned it

00:29:48.980 most people I know

00:29:50.340 the children of very wealthy people I know

00:29:53.180 have actually earned it big time

00:29:54.660 from what they lost

00:29:56.980 compared to having a normal upbringing

00:29:59.480 and a middle class or even upper middle class

00:30:01.280 lifestyle

00:30:01.960 that's something to think about

00:30:04.400 that's something to think about

00:30:06.740 but when somebody amasses

00:30:09.920 this kind of money

00:30:11.040 they have created wealth

00:30:13.920 unless we're talking about

00:30:15.020 maybe just someone

00:30:16.240 who bets on the markets

00:30:17.580 like a George Soros.

00:30:20.020 George Soros is a billionaire

00:30:21.440 because he bet

00:30:22.280 against the British pound

00:30:23.780 in the early 1980s,

00:30:25.000 late 1970s.

00:30:27.020 You could make the argument

00:30:28.440 that a billionaire like him

00:30:29.980 did not create

00:30:31.940 a lot of wealth

00:30:32.600 on the way up.

00:30:33.260 But even George Soros

00:30:34.440 with the horrible things

00:30:35.300 that he funds,

00:30:36.960 the horrible political

00:30:37.780 organizations that he funds

00:30:38.840 is employing some people.

00:30:40.080 I wish he weren't, at least not for that goal, for these goals that he's focusing on.

00:30:46.980 But even somebody like him has created wealth or jobs for people.

00:30:53.280 I mean, I don't think, again, I hate his goals.

00:30:57.400 It doesn't make billionaire saints.

00:30:59.020 That's the point.

00:30:59.760 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.

00:31:04.680 We're unable to talk about people unless we're sanctifying them or denigrating them.

00:31:10.080 Neither is necessary most of the time.

00:31:13.780 I don't have to completely demonize someone to say I'm not going to vote for them.

00:31:17.300 I'll make some exceptions.

00:31:18.340 A guy like Graham Plattner, I'm demonizing him.

00:31:20.660 I don't have a problem demonizing him.

00:31:22.320 Most of the other people I don't vote for, I don't need to demonize.

00:31:25.100 I'll just say I disagree with their policies and what they stand for.

00:31:31.020 But for the grace of God, I don't believe.

00:31:33.800 I could believe just like they do if I weren't lucky enough to have better experiences and better teachers.

00:31:40.080 in life both formal and informal and when i really like a candidate

00:31:45.680 you will never hear me say i love this guy i love that how can i love someone i've never met

00:31:52.920 you're never going to hear me say this is the greatest thing ever he says i i never do that

00:31:58.160 i had someone text me today guy i know saying here's your hero trump he's a i have no hero

00:32:04.500 among the living really that much.

00:32:08.300 I have people I admire very much

00:32:09.840 and love very much.

00:32:12.180 But the whole, I don't need a hero.

00:32:14.640 Now I got that song in my head.

00:32:16.100 I don't need a hero.

00:32:16.820 I just need people I know who I can emulate.

00:32:19.900 People I can learn from.

00:32:22.400 By the way, I highly recommend this strategy.

00:32:24.740 It will help you avoid the incredible hatred of people

00:32:28.060 and the incredible letdown you'll get

00:32:29.880 when people that you've loved let you down.

00:32:31.920 Don't make them into that.

00:32:33.280 Don't do that.

00:32:34.500 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.

00:32:52.920 and i want to know if there's something wrong with them too in a serious way but

00:32:57.480 if they're in the news because they made a lot of money or they created a really successful

00:33:01.840 company or product my first inclination first second and third really is to celebrate that i

00:33:08.720 don't need to make you into a hero i just want to say hey great that you did this in the hopes

00:33:12.660 that someone will follow in that footsteps and do another great thing

00:33:17.100 this is how it works in america and how it should work in any free society

00:33:22.100 but resentment resentment like we again and i i like to focus on the story of cain and abel not

00:33:29.880 because of this is not bible story time and i'm not here i'm not a preacher and i'm certainly not

00:33:34.320 a lot here to convert you or to missionize or proselytize by the way my religion doesn't allow

00:33:38.960 that so i'm not here to recruit you i'm just here to tell you in an interesting lesson in human

00:33:45.140 nature from the bible happens to be from the bible in the story of cain and abel abel is resentful

00:33:50.560 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.

00:34:02.500 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.

00:34:12.920 there was no they didn't want a grave for him they didn't want any he just didn't deserve

00:34:18.360 anything because they understood that resentment was the kind of thing that could destroy

00:34:23.080 civilization Cain destroyed the civilization of his family again in this narrative people

00:34:32.580 who are resentful by the way it's okay to be jealous I think it's okay to be jealous because

00:34:36.540 if you're actually just jealous and not resentful there's a good chance you will be inspired to

00:34:41.520 achieve great things of your own get great things of your own hopefully through good good means

00:34:46.600 it's the resentment we got to worry about someone who says my neighbor has a good car

00:34:51.520 and i'm going to go smash it as opposed to saying my neighbor has a good car i want to make a little

00:34:56.460 extra money this week and for the next 10 weeks so i can get it too

00:34:59.840 if you have resentment though that's destruction resentment equals destruction and the people who

00:35:06.880 are going to try to get your vote and get you riled up with resentment to what Elon Musk has

00:35:12.460 done today and become today are not only bad for you, they're bad for the world. They're bad for

00:35:19.440 civilized society. They are the most dangerous element in the world. Resentment. That's how that

00:35:27.320 works. Got some more callers when we come back. I'm Jake Novak in for Roger Stone. This is the

00:35:35.040 Stone Zone, talking about the big story of the day.

00:35:37.200 Elon Musk, the world's first trillionaire, don't fall into the resentment trap.

00:35:44.820 The Stone Zone, entertaining and informative on the Red Apple Podcast Network.

00:35:51.820 And I'm Jake Novak in for Roger Stone.

00:35:53.540 Last few minutes of the program here.

00:35:55.820 Big story today, Elon Musk becoming the world's first trillionaire.

00:35:58.880 If you're just joining us, here's the shortened version of how you need to respond to this

00:36:03.300 if people decide to try to stoke your resentment over it.

00:36:06.580 Yes, Elon Musk has become the first trillionaire,

00:36:08.980 but hundreds, if not thousands of people

00:36:11.580 were also made wealthy

00:36:13.340 because of his march to trillionairehood.

00:36:16.440 That's how it works.

00:36:18.760 There isn't somebody out there

00:36:20.220 who should be a trillionaire

00:36:21.780 because Elon Musk is,

00:36:23.360 and he didn't get it, or she didn't get it.

00:36:25.140 That's not how it works.

00:36:26.160 Understand the expanding pie of wealth

00:36:29.260 and how you could have infinite wealth.

00:36:32.000 luckily you can only go to zero you can have a lot of debts i understand that but

00:36:37.540 you can you have either have nothing or you but the infinite amount of what you can have

00:36:41.640 acts as a motivator for some people and as you reach wealth you cannot just reach wealth on your

00:36:48.280 own you have to end up even if you don't want to it's going to make other people very wealthy

00:36:53.900 especially if you become massively wealthy tony in clifton new jersey you also see some lessons

00:36:59.700 in scripture for this, don't you? Jake, what a great topic. I mean, I'm delighted for Elon Musk

00:37:05.940 because I'm a student of economics. I got into it later. And I'm also a student of the Bible. So

00:37:11.980 for those people who have things to say, like you're saying, we need to be up on our topics

00:37:17.720 and know what we're talking about. But biblically, you know, which is what the Democrats really don't

00:37:22.680 talk about is that God also wants this. In Jeremiah, he says, I, you know, have a plan

00:37:30.160 to prosper you and not to harm you. And biblically, we see many people prosper in the Bible.

00:37:36.720 That's right. That's right. And that's why Cain is somewhat arguably, but I think actually

00:37:43.840 there is no argument. That's why Cain is the greatest villain in the Bible. And again,

00:37:49.680 And according to other holy scriptures, not necessarily the Bible, but other holy texts,

00:37:58.240 he was uniquely punished upon the time of his death because he is the founder, at least

00:38:06.580 again, if you don't believe the Bible's literal, it doesn't matter.

00:38:08.860 He is at least the spiritual leader or founder of the movement of resentment, which takes

00:38:15.540 away wealth.

00:38:16.540 Resentment is a wealth destroyer, a prosperity destroyer, a civilization destroyer.

00:38:23.480 And the pursuit of selfish self-interest, more often than not, creates better civilization, better prosperity, better happiness.

00:38:33.280 Sometimes it can be too selfish, but honestly, most of the time it isn't.

00:38:38.880 Be prepared to argue this, my friends, because the left is going to try to make this trillionaire story into their banner.

00:38:44.940 Don't let them.

00:38:46.540 Thanks for listening to The Stone Zone with Roger Stone.

00:38:51.260 You can hear The Stone Zone with Roger Stone weeknights at 8 on 77 WABC.

00:38:57.220 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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