Obama Tells Entrepreneurs “You Didn’t Build” Your Business

[SamGold]

The americans that voted that kenyan citizen into the US presidency decided for the rest. Enjoy the next 4 years of the same drivel.

 

[zdreg]

Quote from Ash1972:

Some entrepreneurs take personal loans and mortgages to bootstrap their business - if they don't start making money soon, they are out on the street.

BO should distinguish between these guys and well connected preppies getting millions in VC funding for some lame web idea.

nonsense. nobody shells out millions for lame web ideas. vc funding is a shot in the dark with extremely outlandish possible returns

 

[4thaugust1932]

"If I have seen further it is by standing on the shoulders of giants." -- Isaac Newton

 

[clearinghouse]

Quote from mm19:

i call it a pavlov dog reflex. Once long time ago someone created truly real business out of nothing. like microsoft.

todays money is released from pension funds to support web ideas like LDKN with excuse that this is next microsoft.

long gone, times of true enterpreneurs. you need good schools to get any chance. it is true

This is not true. Venture capitalists will talk to anyone, provided they sound competent and have some background. The world is not that shut off to innovators. In fact, they are desperate for true innovators and the next big idea.

 

[Appleseed]

Quote from sheda:

http://blog.heritage.org/2012/07/16...-entrepreneurs-you-didnt-build-your-business/

.

His extensive business experience allowed him to come to this conclusion..
And also... sucking on the Gov. tit for most of his life has given him a perspective that is foreign to me and many others like myself .
His mandate is to recreate this country to his myopic dream

cheers
john

 

[jem]

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.

 

[piezoe]

Quote from badvestor:

If I got a dollar for every partisan hack job of a political speech I'd be wealthy and not have to trade this manipulated drivel we call the stock market. For rightwing hack jobs I'd charge double because they waste more of everyones time. Roads and infrastructure are built using gasoline taxes which can be 30% of every gallon in some states. A billionaire uses 1 vehicle, just like everyone else, to get to work. The infrastructure his business uses was funded by millions from the middle class driving millions of cars paying billions in gas tax. The lefties lie as well, but their lies tend to favor guys like me, the working stiff. Righties lies are usually geared at giving me the shaft, even worse is the righties make up the most serious lies and do the darnest things that damage the country as a whole. I don't expect Romney to win simply because it'll take more time for guys like me to forget bush and his righties clusterfk of the country.

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?

 

[piezoe]

Quote from TraDaToR:

And nobody is realizing how weak Obama argument is :" You have been successful because you have been able to use roads and bridges"... How moronic is that? I am not even talking about half the businesses who don't use roads and bridges( internet, finance, various services ), even a transportation company can't work just because infrastructure is there ...

God bless the "roads and bridges" for them because it is just about the only thing positive for the economy paid on public funds. All the rest( regulation, taxes ...) is just a brake , an ever increasing beast you need to feed. Politicians know most of the state activities are useless and they use the smallest economic link to bind high earners.

Just like Sarkozy in France who wanted to link taxes to nationality because "it's not normal that french people living abroad continue to get the benefits of french nationality without paying taxes". Nobody knows what these "benefits" are...

When you get a spare moment, look up the word "metaphor."

 

[Trend Following]

Quote from jem:

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.

+1

 

[Ghost of Cutten]

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.