there are two types of americans, people with the work ethic and a desire to accomplish and govt suckers.
1. first of all obama didn't build that govt which built the roads the constitution and the rule of law did with business tax dollars did.
2. govt does not build business - people who risk their brainpower, time and money do.
3. This taleb stuff has gone way to far. Not every success is random luck or because someone built it for you. Far from it. The point of Talebs book is to know that you should be aware. We had a bunch of goofy people on et a few years ago arguing that winning wimbledon or the super bowl a few times can't be distinguished from randomness. That too me is a complete misunderstanding of how the universe works.
When you project out a business... you leave some room to make dynamic adjustments for future info and events. You know thimgs will be different... but that does not mean your success was random... it means you built something capable of dynamic adjustment.
The difference is that the other people who helped build the business voluntarily agreed to do so, usually in exchange for wages or other financial consideration. So, these other people who helped build it have already been paid for their work - they have no further claim, they're even. That means the business as it stands belongs to the shareholders - not to the employees, not to the government (who never got any agreement before taking their cut by force), or anyone else.
Your pithy words express what surely must be the thinking of the majority of U.S. voters, many of whom are not registered with either party and call themselves independents.
U.S. voters are repeatedly faced with choosing the least worst, rather than the best, candidate. It's a shame.
One side or the other may propose what could be effective legislation to address a problem. To get the other side on-board compromises must be made. Nearly always, it seems, the compromise protects narrow interests at the expense of overall efficacy. This happens over and over again and has resulted in one law after another that falls short of solving the problem it was intended to solve. We get more rules and expense without a commensurate benefit.
Examples: ACA , and Dodd-Frank. Now we hear that Eric Cantor inserted language into a House Bill that would exempt wives of congressmen from having to comply with legislation to stop insider trading by congressmen.
Is it is time to burn the Constitution and start over?
the Constitution is a timeless document. the supreme court ought to enforce it.
all you lefties would like to burn it and create a "new man"
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why don't you study the case for making insider trading legal for everybody.
I think Obama is right actually. Entrepreneurs were only partly responsible for their success. If the public hadn't paid for the road and bridges for them to transport their goods, or if the tax payers hadn't paid for a public education system they wouldn't have a skilled work force etc...
This is why these super rich tax dodgers really piss me off, they want to do business in a country with a good infrastructure and the rule of law, but they don't want to pay for it.
If they were born in a 3rd world country with no roads, schools or taxes I doubt they would have been so successful.
I think Obama is right actually. Entrepreneurs were only partly responsible for their success. If the public hadn't paid for the road and bridges for them to transport their goods, or if the tax payers hadn't paid for a public education system they wouldn't have a skilled work force etc...
This is why these super rich tax dodgers really piss me off, they want to do business in a country with a good infrastructure and the rule of law, but they don't want to pay for it.
If they were born in a 3rd world country with no roads, schools or taxes I doubt they would have been so successful.
Where did the tax dollars for roads and infrastructure come from?
From taxing successful people.
Also, you act like only rich people are able to use this infrastructure and rule of law.
The fact is that the overwhelming majority of all tax dollars are coming form successful people that have taken advantage of good infrastructure in some capacity.
Anyone who is employed is benefiting from a business that is benefiting from this infrastructure.
Where did the tax dollars for roads and infrastructure come from?
From taxing successful people.
Also, you act like only rich people are able to use this infrastructure and rule of law.
The fact is that the overwhelming majority of all tax dollars are coming form successful people that have taken advantage of good infrastructure in some capacity.
Anyone who is employed is benefiting from a business that is benefiting from this infrastructure.
govts 3 most important functions.
Provide rule of law
Safety and Welfare (I put schools an roads here)
Defense
We all benefit as Americans.
Kudos to those who built businesses which were not to big to fail.
I blame govt for too big to fail.
Obama keeps building too big to fail.
