Current Events

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

shackleford — Mon, 23 Jul 2012 15:37:36 GMT

Really, it's like saying if you built your business, it's because of the atmosphere - you know, since we all need air to breath.

Obama and his ilk don't understand that a business is greater than the sum of its parts. I can throw some hammers, ladders, nails, and other tools in a van, but that doesn't mean I have a carpentry business.

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

John James — Thu, 19 Jul 2012 18:46:30 GMT

You knew PJTV wasn't gonna skip over this one.

Interestingly, he actually does introduce an intriguing angle, supported by some interesting points...

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

Anenome — Wed, 18 Jul 2012 21:27:08 GMT

PMpockets:

if this guy gets into office again and doesnt have to worry about re-election, theres no telling what he's capable of. Any of you guys have any ideas or speculation on this?

Historically, democracy has always resulted in tyranny. The USA's democracy limited by law merely extended how long that took to happen, but the result will be no different, and I see no current either of thought or ideology that is likely to do anything more than forestall that outcome. The worse things get the easier it is to install a dictator. That's the rub.

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

cab21 — Wed, 18 Jul 2012 20:35:11 GMT

"Sounds like corporate entities already existed and came to be 'recognized'. IOW, they must have existed before they were recognized by state law." -

that's a different context than the current understanding of a usa commercial corporation and the rights it has from government.

bodies of people did exist, but not bodies of people with the same rights and privileges from the government as in today's usa corporations.

different definitions and contexts for corporations exist, but i think it needs to be a certain definition and context to really apply to the current situation of government sanctioned commercial corporations.

did a corporation, with all the legal rights of a corporation currently held, exist before legal rights were recognized and existed?

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

John James — Wed, 18 Jul 2012 17:05:02 GMT

John James:
Looks like he's playing the bullshit Elizabeth Warren card. As usual, Peter Schiff was right on the money

heh...Cato remembers

What I find most interesting about this is how this incident is seeming to push the dialogue in a much more voluntarist direction. Listen to how this guy literally comes out and almost outright says multiple times that government isn't necessary. Perhaps more talk like this Obama/Warren nonsense (which we also saw in the links at the bottom of this post) can be good...in that it will entice more pushback, and cause more people to come out and start admitting how unnecessary the State really is...

Obama's 'Elizabeth Warren Moment' (Aaron Ross Powell)

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

xahrx — Wed, 18 Jul 2012 14:14:42 GMT

"Sounds like corporate entities already existed and came to be 'recognized'. IOW, they must have existed before they were recognized by state law." - Excel

Generally speaking I'd say this is correct. One constant I've noticed in government stooges and central planners is that they have no new ideas, they just look at what other people have done and think they can do it better. You see these busy body types in every company, spending barely enough time working to justify their salary and the rest of the time gossiping and rumor mongering about 'management' and how horribly they run things. Never of course acknowledging that the existence of their very job is the result of such horrible management. The government stooge merely takes this attitude to the next level, pulls out a gun and insists on making things 'better' whether people want their 'help' or not.

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

excel — Wed, 18 Jul 2012 10:07:29 GMT

From:

http://en.wikipedia.org/wiki/Corporation#History

By the time ofJustinian (reigned 527-565), Roman Law recognized a range of corporate entities under the namesuniversitas, corpus or collegium.

Sounds like corporate entities already existed and came to be 'recognized'. IOW, they must have existed before they were recognized by state law.

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

PMpockets — Wed, 18 Jul 2012 10:07:27 GMT

Obama claiming people can't be productive without the state because the state has built this and provided that is akin to someone kidnapping your child and then saying that the child's ability to read and write is due to the kidnapper because they taught the child.

We all know that societies can build greater wealth than a single man, but just because a certain portion of that society takes things from you and does things with it that they strongly discourage others from doing, whether by force or by dminishing their capital, doesn't mean that since we're forced to utilize those ill-gotten gains that we owe them even more!

If Obama's gang of thugs are so productive and so essential, why does he find it necessary to take our wealth in order to get his thuggy work done? If they're so wonderful and so needed, let them build their utopia on their own. We'd quickly see a replication of some backward African tribe or an inflationary spiral like Zimbabwe. Has it ever occured to Obama to question the reason why his Kenyan homeland is still in 6,000 BC?

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

cab21 — Wed, 18 Jul 2012 08:21:36 GMT

http://en.wikipedia.org/wiki/Corporation

"A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members"

what is the true definition of a corporation and the true history if that is bull? what is the source of the "smith" history? the "smith" corporation is not like the government granted corporation that usa has.

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

PMpockets — Wed, 18 Jul 2012 07:56:43 GMT

if this guy gets into office again and doesnt have to worry about re-election, theres no telling what he's capable of. Any of you guys have any ideas or speculation on this?

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

bloomj31 — Wed, 18 Jul 2012 07:29:58 GMT

His rationale is intellectually dishonest.

If you have the power of the masses behind you, you can take anything you want from anyone you want. Period.

People have options. They can try to leave and pay their taxes to some other organization or perhaps to no one. They can stay and try to elect people who won't tax them as much or they can rebel and try to overthrow the existing organization and replace it with a new one. I'm sure there are other options but these are just some that come to mind.

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

Anenome — Wed, 18 Jul 2012 07:08:27 GMT

cab21:

private production is different from a corporation and other limited liability entities that are government created.

How do you think corporations originally got their start? They weren't government actions, they were basically wealth protection via fraud.

What you would do is claim the owner of the business as a made up person, let's call him Smith. Everyone involved in the business their money with Smith, even though he doesn't exist. If the corporation goes belly up, the creditors get directed to the made up person, Smith, whom of course cannot be found, and thus everyone who invested has plausible deniability and no further financial liability.

Later the law caught up to what was happening and made it legal. It had been happening for so long on the sly, and resulted in such amazing wealth production, that it went mainstream and gained legal acceptance.

Limited liability corporations could still exist without a government as well, even in modern day, established by contract.

cab21:
the history of corporations started with government

Bull.

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

Clayton — Wed, 18 Jul 2012 07:06:07 GMT

the history of corporations started with government

But not stock-shares, which is the part of corporations that is actually good. I find it amazing that you actually praise the limitation of liability.

Clayton -

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

John James — Wed, 18 Jul 2012 07:05:43 GMT

Brit Hume On Obama's View Of Business: "Explains Nearly Everything"

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

Anenome — Wed, 18 Jul 2012 07:01:11 GMT

No business inherently relies on government. To claim we owe the gov something because they, for instance, have a monopoly on the mail system and roads--two things that can be privately provided but that the gov uses to coercion to prevent, is to confuse the issue utterly.