The video above shows the President’s “You didn’t build that” statement. His point seems to be that since the government paid for the education of your employees; paid for the paving of the roads; paid for other “infrastructure” items, that the small business or big business wasn’t built by the owners or founders of that company.
The idiocy to this position is simply this… Everyone has access to the roads. Everyone has access to the same employment pool of workers. Everyone has access to banks & capital. Since everyone has access to the same components, the fact that one person is more successful at applying those things than someone else means that they should receive more reward for their success… So, yeah, they did build that…
Did they use common components? Yep. Just like Mark Zuckerburg used the same computers and programming languages as the folks at MySpace. But, his company is worth over $50 billion & MySpace isn’t. Yep, Mark Zuckerburg built that.
Koch Industries (purchasers of the former Dupont Fibers business) uses the same basic chemicals, electrical infrastructure, and trained scientists as dozens of other companies. Yet, their business has been much more successful. Yeah, they built that.
The local HVAC company has access to the same local labor pool, educated in the same local schools. The HVAC company buys the same trucks and tools. The successful ones are successful because their leadership organizes these assets more effectively than the unsuccessful ones. Yup, they built that.
So, yes, there are common goods — roads, potential employees, electrical grid, computer backbones, OSHA regulations, etc. And the successful business owners, who pay most of the taxes, are also the ones who built those common goods.
In short, the business person who is successful at using these same common goods deserves the extra profits that they have created by their unique skills and talents. Meanwhile, society benefits from the extra jobs & economic growth that these self-made people provide to the rest of us.
God bless those who, yeah, built that…