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Archive for the tag “Flying Dog Brewery”

The Evil Rich

John Stossel reports that Bernie Sanders and others on the Left want higher taxes on millionaires and billionaires. Would that be a good idea, since most rich people became prosperous by creating wealth?

He welcomes wealthy brewer Jim Caruso to the podcast, who took over a bankrupt brewery and turned it around by inventing creative craft beers. He now employs more than 100 people. The company Caruso runs, Flying Dog Brewery, is worth millions and he provides a strong answer to why some Americans have so much more money than others.

The Myth Of the Evil Rich

Crazy Bernie Sanders and an army of ultra-liberal leftists continue to tow the Democrat Party line–the rich are evil; impose higher taxes on the millionaires and billionaires. It’s a refrain, truth be told, that has become nauseating. Jim Caruso, self-made millionaire and CEO of Flying Dog Brewery said it best: “You will have unequal outcomes and I would argue that it’s possible that we all benefit from them,” he says. Appearing with host John Stossel, Caruso points out that Steve Jobs was worth $10 billion when he died, but since Apple sold more than 2 billion devices, Jobs collected just $5 per device. “I think Steve might have been underpaid here,” he says. “The feeling tends to be that somebody like Steve Jobs took something away from everybody else. But what did Steve Jobs take? He had this idea, one of the most massively important tools for productivity and communication in life.” Here’s more on Stossel TV.

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