Frontline Perspective on the Government’s War on Liberty – Ep. 70
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 7 April 2015
⏱️ 20 minutes
🧾️ Download transcript
Summary
* When employers empower certain groups with special privileges they become clubs with which to beat the employer
* Employers are then reluctant to put themselves in a position to be bashed with that club
* Large companies must prove diversity and go out of their way to hire minorities
* That kind of discrimination is the right of the employer
* Whenever you hire anyone you make yourself vulnerable to frivolous suits
* The government has made American business less competitive by appealing to the job seekers not the the job creators
* This eventually backfires on the job seekers by minimizing the number of employers
* I established my offshore bank because government regulation made it so much harder for me to service my international clients
* This drove away jobs that would have been in America
* Now it is impossible for our company to accept foreign accounts, including Americans living overseas
* My offshore bank may not accept offshore accounts or non-American customers
* Government regulations are now making it difficult on Americans who live abroad
* Every business in the country is being undermined by growing government regulation
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Transcript
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| 0:00.0 | The Peter Schiff Show. |
| 0:08.7 | I also wanted to talk a little bit on this podcast just about some more business problems |
| 0:15.7 | of running a business because I did get some feedback when I spoke on the podcast about |
| 0:23.6 | the discrimination type lawsuits and the risks inherent in hiring members of minorities, |
| 0:32.4 | including women who are obviously not minorities, there are slight majority of the population. |
| 0:36.8 | Although I think when a lot of the civil rights legislation was being written or expanded |
| 0:42.0 | to include women, of course not as many women were in the workforce as there are today because |
| 0:46.4 | they didn't have to work because their husbands could afford to support them. |
| 0:49.3 | But now that we're so much of a poorer country with a lot higher taxes and lower living |
| 0:54.2 | standards, women are probably as likely to work nowadays as men. So they're not really minorities |
| 1:00.8 | in that sense, but they do have all this protection when it comes to the ability to sue. |
| 1:06.6 | Because when employers empower certain groups with the special privileges that they call rights, |
| 1:14.2 | they really give them a club with which they can beat up their employers. |
| 1:18.9 | And so some employers are reluctant to hire people who have that club because they don't want to |
| 1:23.0 | get bashed with it. And now there are people that were saying, oh Peter, you're racist, |
| 1:28.0 | just assuming that a minority is more likely to sue, that's a racist comment. It's not racist. |
| 1:34.5 | They're not suing because they're minorities. It's because they've been empowered with this club. |
| 1:40.8 | If you don't have the minority, if you're not a minority, you don't carry that club around. |
| 1:44.4 | So how are you going to swing it if you don't have it? If they didn't have all these laws and |
| 1:49.3 | special treatments, then no, blacks or Latinos or gays or people with handicaps or women would be |
| 1:57.7 | no more likely to sue than anybody else. But they are more likely to sue now because of what the |
| 2:04.6 | government has done. But yes, I mean, people will remind me that, well, you know, men can sue for |
... |
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