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  1. 1

    Michael Faigen

    I’m an entrepreneur. I’ve built a successful business. But there’s no doubt that I live in a society. I depend on infrastructure that tax money paid for. I depend on an educated workforce that tax money paid for. And every successful person – in addition to their vision, and hard work, and the benefits of public education – also depends on a bit or a whole lot of luck. I wholeheartedly agree with Elizabeth Warren’s assessment. Far from being an idiot – or a useful idiot as the Soviets are famous for saying – she’s spot on.

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    1. 1.1

      Joe Gilbertson

      Congratulations on your business, I”m sure you worked hard to get there.

      But I’m not sure you are seeing the whole picture. She is using this bullshit do justify taxing you into oblivion. She is a socialist and she thinks, as President, you really work for her and you should cheerfully turn over everything you have earned to her control. This is the socialist way. I guarantee you would not have built your business in a socialist society.

      And yes I agree that what we have built depends on the infrastructure that is available. But a) we have already paid for that with our tax dollars, it’s in the past, and b) entrepreneurs CREATE wealth. We don’t borrow it or steal it, we build it. It is wealth that was not there before and will not appear spontaneously. And yes, luck is occasionally a factor, but persistence and hard work are more a factor. We don’t do it for the good of society, its way too hard for altruistic motives. We do it for our families and for our individual satisfaction.

      I’m sure you have had those lonely days when you didn’t know whether you would be successful. Would you go through that if there were no reward at the end?

      Reply
  2. 2

    Esther Beauregard

    @Joe Infrastructure spending would be in the past if the US had no debt. As of this AM, our national debt stood at $22 trillions. Entrepreneurs like everyone else rely on public services, water, roads, schools, the police, the courts. There are leading-edge companies all over the world including in so-called socialist countries.

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    1. 2.1

      Joe Gilbertson

      Esther, everybody pays for infrastructure, we all own it. Entrepreneurs build on whatever is there and create new things that otherwise would not exist. If the infrastructure was not there or was different, entrepreneurs would still create from whatever is there. In a free enterprise system, people benefit from the entrepreneur’s creativity, everyone who participates is rewarded with part of the wealth that is created. The entrepreneur does not owe a special debt just because he created something. And having someone who has created nothing tell the entrepreneur how much he owes to society shows an extreme lack of appreciation for the new wealth that would not otherwise exist.

      Reply
  3. 3

    harlan2@cox.net

    “….when Obama expressed this sentiment, I became sick to my stomach that this asshole who had never run a business, never made a payroll was telling me that I didn’t build my own company.”
    Sad, but words like this are also said by the most corrupt President in history, who makes me sick to my stomach!

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  4. 4

    RR

    What always seems to get left out of the discussion is the risk that a person takes in trying to build a successful business. Capitalism rewards ambition, hard work and risk. Like it or not this country has been built on millions of small businesses whose owners believe that if they work at it long and hard enough each day, they will have the promise of success however they define it. Well over 50% of startup businesses fail in the first few years. Certainly not for lack of trying, they took the risk and it didn’t pan out. I ran a business for over 30 years and employed several hundred people. I fought regulations, cash flow, banks, legal obstacles and competition regularly in an effort to provide myself and family with a good living and family employ hundreds of people. Elizabeth Warren is wrong. We paid millions in taxes to support everything she says is provided by the government and of course we took advantage of infrastructure but without infrastructure there would be no economy to tax and no support for the millions of people who pay no taxes. It is there for the benefit all, not just companies. It is a straw man argument and is not a realistic argument.

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