Friday, November 02, 2012

Obama: You Didn't Build That

People think that Me-me-me-my-my-my-I-I-I-bama's speech makes sense only because his speechwriters sugarcoat false reasoning. His error stems from the hidden socialist dogma that the business is not responsible for the roads, utilities, regulators, delivered in tones of fake outrage. Rather, he implies, the contributions of employees, utility workers, bureaucrats, etc, add significant value to the business. This assumption deceives for two reasons.

First, the business pays, through taxes to the government, wages to employees, interest and fees to lenders, and dividends to stockholders, for all those things Ibama says contributed to building the business. A new business may pay afterwards instead of before, but it still pays. It says that if you pay somebody to do make something you thought of, they get all the credit, as though you had nothing to do with it.

This couldn't be more wrong. If you buy a painting, you own it. If you buy a pizza, you have the right to eat it. Likewise, if you pay for all those ancillary contributions, then you get the credit for building the business.

Second, all those external factors would exist whether you build the business or don't. The contribution is mutual because, without the business, unused roads and utilities would be failures due to lack of use and would be failures due to lack of sponsorship. The electric company, the construction companies, employees, and bureaucrats profit from the presence of the business.

By Ibama's reasoning, when you build that business, you get to take credit for all those other things, too. But Ibama is a committed Marxist, so he loses his sense of reality amid all the big words and false intellectualism. "You didn't build that" is sophistic: It sounds brilliant, but when you slow down and think, you hear the foolishness.

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