By using this site, you agree to our Privacy Policy and our Terms of Use. Close
richardhutnik said:
WiiBox3 said:
Interesting. Thanks for the link.

When I first heard it, I went "WTF? He said people who have their own business didn't build it"?  Then I see it can mean that OR it can refer the infrastructure in the prior sentence.  It isn't a gaffe in my book, but something calculated and said on purpose, probably generating the exact response it is now in some circles.

On my end, I have had the experience of both doing welfare and trying to build a business.

The way I heard it was, that successful businesses in the US have become that way not only because of the owner's hard work, but also because of the infrastructure that was created through taxes.

Like:

Roads - to ship products to consumers

Internet -  ininitial infrastructure both hard line fiberoptic and software

Judicial system - helping protect your brand and ideas. helps prevent tons of knock offs using your brand name.

 

I know this is only part of his idea, but this makes the most sence for what he is trying to say. Many of the rich get rich due to the systems that are already layed down for them. Even someone who gets rich from trading stocks would not have gotten rich if there were no public companies, relying on government infrastructure, with stock available to trade.