Quantcast

Are the Rich Responsible for Their Own Success? (President Obama Thinks Not)

Chris D 2012/07/16 21:00:00
You!
Add Photos & Videos
The quote in question is from a recent presidential speech in Virginia is: 'If you've got a business - you didn't build that. Somebody else made that happen.' What in the world could President Obama have meant by that?

DAILYMAIL.CO.UK reports:
In a speech in Roanoke, Virginia, the President said: 'If you've got a business - you didn't build that'. It sparked a furious response from the National Federation of Independent Businesses on Monday, who said it showed an 'utter lack of understanding'.
sparked furious response national federation independent businesses onmonday utter understanding

Read More: http://www.dailymail.co.uk/news/article-2174160/Ob...

Add a comment above

Top Opinion

  • TheBorg 2012/07/16 23:22:21 (edited)
    What the... ?
    TheBorg
    +45
    WTF? Never seen a quote taken more out of context. What I heard was that the workers of a company have a part in making that company successful and should be recognized by the company for their hard work. It is not the CEO who is taking the risk when creating a business, it is the worker.

    My case in point: in 2012 the Koch brothers made 11 billion in profit yet still laid off over 25% of their workers in Green Bay, many middle aged. Now they need to find retraining, find a job, and still support their families. Most ended up losing their homes or at the very least downsizing. What CEO has every lost their home, needed to be retrained, or lost their life savings trying to make ends meet after a business went under or they got fired?

    What I heard from Obama is that one man cannot make a successful business without good workers and good workers should be recognized for their contribution to the organization. Currently the climate is that only the CEO is of any importance and should take advantage of their workers any way they can.

    workers workers recognized contribution organization climate ceo importance advantage workers

Sort By
  • Most Raves
  • Least Raves
  • Oldest
  • Newest
Opinions

  • S.Lewis darthtbone 2012/07/22 07:49:59 (edited)
    S.Lewis
    You are so wrong about me. Although I may not be wealthy, I'm doing pretty good. Let's see, Master's Degree, decent salary, my home is paid for, drive a 2009 Range Rover, 2 trips to the Caribbean every summer, sent kids to the best private schools in NY, son attends Penn State, have the love and respect of my family & friends. So I guess I am bitter and unsuccessful. NOT!!!!
  • darthtbone S.Lewis 2012/07/22 11:50:01
    darthtbone
    Yeah and I'm Jay Z, pleased to meet you.
  • darthtbone S.Lewis 2012/07/22 11:53:38
    darthtbone
    I would also like to point out that you listed all of your material possessions before any mention of your family. Psychologically, you are showing yourself to be very materialistic. Besides, your degree? You didn't do that, someone else made that happen. The same with your salary, home, fancy car and vacations.
  • S.Lewis darthtbone 2012/07/22 19:44:48
    S.Lewis
    You "WISH" you had my life! I might give you a second thought next week while I'm on the beach in Montego Bay sipping Margarita's.
  • darthtbone S.Lewis 2012/07/22 23:10:50
    darthtbone
    Actually no. 1) I don't drink; 2) I can't stand the beach.

    Your statement also further reveals how petty and materialistic you are. You worship at the alter of material goods not for some happiness it brings you, but to either keep up with the Joneses or get the Joneses to keep up with you.

    I pity you.
  • S.Lewis darthtbone 2012/07/23 04:22:41
    S.Lewis
    My goodness, take it easy! Who sounds bitter now?
  • darthtbone S.Lewis 2012/07/23 10:25:09
    darthtbone
    Bitter would indicate I am emotionally invested in this conversation. I am merely stating observations that maybe you can learn from and become a better person.

    But really this conversation is dead..
  • amoobrasil S.Lewis 2012/07/22 19:44:23
    amoobrasil
    This is true of the Kennedys. The successors have made up for the foul deeds of the original Joe Kennedy. Thanks for bringing that fact up, S. Lewis; I had forgotten. You are correct.
  • cjj ~ FTGOP 2012/07/19 06:03:26
    No, they've gotten help from others.
    cjj ~ FTGOP
    +2
    Mainly those that can afford and desire their goods.
  • V~POTL~PWCM~JLA 2012/07/19 05:57:20
    Yes, of couse they are!
    V~POTL~PWCM~JLA
    +1
    Most rich people are responsible for their own success -- except for those who got rich through inheritance. But if you follow the money to its source, someone was directly responsible for their own success.

    I suppose there might be some rich people who made their money selling things to the government. And in Obama's mind, the world revolves around the government. Maybe he was thinking of them when he made that ill-advised speech.
  • Samantha V~POTL~... 2012/07/19 15:26:06
    Samantha
    +2
    Most rich people, in America, inherited at least part of their wealth.
  • V~POTL~... Samantha 2012/07/19 16:35:56
    V~POTL~PWCM~JLA
    Most of the rich people I know did not benefit from inheritance, although many of them received a fully-paid college education because of their parents' wealth.

    Even in those cases, if you trace inheritances and parental wealth back one or two generations there was a person who was responsible for their own success.

    The government does not simply select people at random and say, "We have decided to make you rich." I suppose a state lottery does exactly that, but lottery winners are a tiny fraction of rich people.

    In order for Obama's, "You didn't build it" claim to be true, is he claiming that the government chooses to make some people rich but not others? For a guy who is generally a good speaker, this was not a well-planned speech.
  • nancyisnow V~POTL~... 2012/07/19 18:15:01
    nancyisnow
    No, read the article, he was saying that the employees deserve credit, and by your own admission, "many of them received a fully-paid college education." That's called 'help.'
  • V~POTL~... nancyisnow 2012/07/19 18:49:14
    V~POTL~PWCM~JLA
    I did read the article. You should read it again.

    He made a reference to employees, but the context was government employees such as teachers and government-sponsored infrastructure. I saw the entire speech. Check it out on Youtube.

    If government spending was limited to the things that support a growing economy, Obama would have a point. It's great when the government builds a highway and people drive on it. Not so great when they build Murtha's pork airport in the middle of nowhere. Is THIS how government makes people successful?



    As for people receiving a fully-paid college education from their parents, that is simply on generation of successful people using their wealth for the next generation. No government involvement there. Zero, zip, nada, zilch.
  • COMALite J V~POTL~... 2012/07/19 18:51:47
    COMALite J
    “Even in those cases, if you trace inheritances and parental wealth back one or two generations there was a person who was responsible for their own success.”

    Which does diddly-squat to show that the descendant got rich on his or her own merits and nothing more. In fact, it hurts — nay, demolishes — that claim.
  • nancyisnow V~POTL~... 2012/07/19 18:12:25
    nancyisnow
    Obviously you don't know much. You didn't read the article, #1 - he was talking about the employees, and not the government, and "selling goods to the government" isn't the only way people are helped, besides the employees, customers have to be able to afford your goods, and the civilization has to have infrastructure to have trucking or for you not to be robbed.
  • V~POTL~... nancyisnow 2012/07/19 18:51:44 (edited)
    V~POTL~PWCM~JLA
    You didn't see the speech. Save the condescending attitude for someone else.
  • oldlady 2012/07/19 05:30:53
    No, they've gotten help from others.
    oldlady
    +2
    If anyone is ignorant enough to think different good luck on that. What goes up will come down for lack of respect and deed :/
  • Jasmine 2012/07/19 05:10:11
    No, they've gotten help from others.
    Jasmine
    +4
    I truly believe that MOST of all the wealthy people had help somewhere along the way. It may have been lower tax rates or tax breaks, money inherited from family, connections for lower interest loans others don't get, things of that matter.

    I have an aunt who married a western Kansas wheat farmer. They worked hard their entire lives - no doubt about it. But they left an estate worth several million dollars (I'm not privy to the details) - and the majority of their money was from federal farm subsidies. They continued to work hard, even when they got subsidies, and made good investments. But if it hadn't been for the subsidies, they would have ended up with basically the farm - not much more.

    I use that as an example of how there are advantages not everyone has access to. People need to remember that. I absolutely value hard work. I've worked hard my entire life, as did both of my parents. But hard work and self reliance rarely is enough.
  • nancyisnow Jasmine 2012/07/19 18:17:24
    nancyisnow
    +1
    Very good example! I just read that in Eisenhower's time of 91% taxing on the rich, there were 400 of the wealthiest families that paid no taxes. I'm sure it's the same today. I call that help, too.
  • Jasmine nancyisnow 2012/07/21 20:09:33
    Jasmine
    +1
    Absolutely! Many of the wealthy today, including Mitt, have unearned income - meaning it's from investments. The tax rate on investments is much lower than on earned income. So those who work hard, 40, 50, 60+ hours a week pay a higher tax rate than those who have money to invest and may or may not work at all. That is definitely help.

    Thank you for the feedback!
  • Todd_I 2012/07/19 03:18:27
    Yes, of couse they are!
    Todd_I
    +2
    Nothing happens in a vacuum, so they rich are not completely responsible for their wealth. But, often it is hard work that makes someone rich. Government isn't responsible.
  • HappyGuy Todd_I 2012/07/19 11:23:43
    HappyGuy
    everyone is responsible for their own success or failures --Obama and the government need to keep their pie holes closed before removing all self doubt on their own competencies . Obama seems to be incompetent on most issues .
  • Samantha HappyGuy 2012/07/19 15:26:31
    Samantha
    +1
    In that case, can we eliminate all business subsidies and tax breaks?
  • nancyisnow Todd_I 2012/07/19 18:19:06
    nancyisnow
    Government may be responsible with their subsidies and tax write offs, but he was refering to the employees deserving credit, and there are also families that help their own.
  • Bureauc 0webama 2012/07/19 03:00:42
    No, they've gotten help from others.
    Bureauc 0webama
    +4
    Some Marry it
    john kerry
    Some inherit it
    john f Kennedy
    Some Preach for it
    preacher al gore
    Some extort for it
    jessie jackson
    Jessie's net worth - $10 million
    Some cheat the system
    barney frank tax cheat
    And some just 'play rich' with your tax dollars
    michelle obama  vacation
  • Bureauc... Bureauc... 2012/07/19 03:21:27
    Bureauc 0webama
    Some topple governments
    george soros
  • nancyisnow Bureauc... 2012/07/19 18:21:10
    nancyisnow
    Of course! Why did you think we were only talking about republicans?? But, at least, most of these democrats try to make a level playing field for all, and make sure the blessings of the land are shared.
  • Kevin 2012/07/19 02:09:16 (edited)
    No, they've gotten help from others.
    Kevin
    +3
    Try reading the whole damn speech. Succinctly put, I may have started a business but I didn't build the roads that lead to my business. I didn't develop the internet; I don't maintain the airports; I didn't guarantee the small business loan. The President is referring to the notion, rightly so, that a successful person owes his or her success to the community as much as to his or her hard work, but if you insist on looking at one line taken out of context go ahead and demonstrate further how you're happy to live in ignorance and hate Obama for nonsense instead of taking up real issues on which to disagree with him.
  • darthtbone Kevin 2012/07/19 07:03:51
    darthtbone
    +1
    "Try reading the whole damn speech. Succinctly put, I may have started a business but I didn't build the roads that lead to my business. I didn't develop the internet; I don't maintain the airports; I didn't guarantee the small business loan." Total Bunk.

    As part of the "community" you have paid the taxes JUST LIKE EVERYONE ELSE for these things. Your taxes have paid the road workers, etc. for their time AND if your business is successful you will pay more due to higher rates for higher income earners, more gasoline. Heck business class Internet charges more in taxes and FCC fees.

    In other words, we all start from GO with an equal opportunity. We ALL use these things, we ALL pay for them. But if you have the drive, will and guts to start a successful business then your success is on you.
  • Samantha darthtbone 2012/07/19 15:27:21
    Samantha
    +1
    Wrong! Not all Americans start with equal opportunity. The wealthy, for example, inherit part of their wealth.
  • darthtbone Samantha 2012/07/19 23:41:23
  • Kevin darthtbone 2012/07/20 01:18:24
    Kevin
    Reality check: most of the wealthy in this country, despite what you're told, do start out with means. If you want to start a business or a career a whole lot can stop you. The bank may not approve you for a loan--Stopped. You may fail out of school--stopped. Rents may not be affordable--stopped. The corporation you've set yourself to compete with sabotages you or is too big to fight--stopped. The community doesn't like your shop and protests in front of your store until you close--stopped. To say only the government will stop you, which is only true in your misconception of what government does, is completely ridiculous. The government will only stop you if you happen to be breaking the law, but I guess in your world breaking the law is just telling the government that you're tired of all those damn regulations.

    You assume successful people are smarter and harder working than less successful people. You further assume that less successful people are envious. All this is nonsense. Success is 50% luck, 25% community, and 25% individual effort. There are plenty of successful lazy idiots, especially those who had to do little to get where they were, like most of our one percenters.

    You've bought the line that success is only about hard work and smarts, and reality just isn't like ...
    Reality check: most of the wealthy in this country, despite what you're told, do start out with means. If you want to start a business or a career a whole lot can stop you. The bank may not approve you for a loan--Stopped. You may fail out of school--stopped. Rents may not be affordable--stopped. The corporation you've set yourself to compete with sabotages you or is too big to fight--stopped. The community doesn't like your shop and protests in front of your store until you close--stopped. To say only the government will stop you, which is only true in your misconception of what government does, is completely ridiculous. The government will only stop you if you happen to be breaking the law, but I guess in your world breaking the law is just telling the government that you're tired of all those damn regulations.

    You assume successful people are smarter and harder working than less successful people. You further assume that less successful people are envious. All this is nonsense. Success is 50% luck, 25% community, and 25% individual effort. There are plenty of successful lazy idiots, especially those who had to do little to get where they were, like most of our one percenters.

    You've bought the line that success is only about hard work and smarts, and reality just isn't like that. when the system is stacked against upward mobility, as it is increasingly becoming so, it is not envy that gets people mad; rather, it is the false impression of fairness in juxtaposition to the reality of a stacked deck favoring those who already have it all.
    (more)
  • Kevin darthtbone 2012/07/20 01:06:52
    Kevin
    You think my taxes alone, or yours , or anyone elses build roads? They don't. You think one person's or one company's tax bill maintains our infrastructure? Newsflash, they don't. My business will go nowhere if I can't get customers to me or me to the customers. If I can't ship my wares or restock my shelves. It doesn't matter how much gumption and smarts I or anyone else has, my success is dependent on the breaks I get and the resources my community provides.

    Oh, and that bit about "we all start from GO with an equal opportunity" is a nice fantasy but far from reality. My Romney started with much more opportunity than the son of Kentucky coal miner who made good would.
  • darthtbone Kevin 2012/07/20 15:40:35
    darthtbone
    You're missing the point. Let's take the gasoline tax for example which is supposed to go toward roads. If you put gas in a car, you pay it. As a result these roads are for ALL of us to use. We all pay these taxes whether we run a business, work a 9 - 5 or just collect welfare. We all have equal use.

    If I decide to set up so much as a lemonade stand on the side of the road, it is mine. You, nor nobody else gets credit for that. I paid the same rate as everyone else. You get no credit for my lemonade stand just as I get no credit for you driving to work or the grocery.
  • Kevin darthtbone 2012/07/23 04:50:54
    Kevin
    Actually I do. Your lemonade stand would be useless without the traffic that passes by it on the roads that we all pay for; therefore, whatever success you have at that stand is directly a result of the roads provided by our tax dollars. Furthermore, unless you grow and pick your own lemons, your lemonade stand would be nothing without the lemon suppliers; unless you make your own cups and purify the water you make your lemonade with, you aren't becoming a success on your own. The notion is simple. We live in a community, and the community assists in our efforts toward success, whether it supplies with you materials, customers, or services.
  • darthtbone Kevin 2012/07/23 10:42:53
    darthtbone
    The road would be there and I would pay my share of it regardless of if I had a stand or not, as would you. The stand is what I choose to do with my "share" of the road. Also it is likely that i am paying a little something extra just have it there. Everyone else is using their "share" of the road for their own purposes. Do you think of you driving back and forth to work assume community effort? How about getting groceries?


    As for lemons, cups, coolers, chairs, there is no "community assistance". I PAY for those items at various items. The people who sell those items are just as dependent on me as I am them. However, that is how trade works. They didn't give me those lemons, I bought them. I needed lemons, they sell them at profit. The market determines the price. Once our transaction is complete we're done. I don't owe them some life debt.

    I really do have to thank you though, it has given me a lot of insight into the way you guys think. No wonder you guys are anti-business, you think you're owed something because you pay taxes.
  • Kevin darthtbone 2012/08/05 22:09:30
    Kevin
    No one is talking about a life debt. And you have just made my point. Trade is impossible if you stand alone; you need others to be successful in trade. The fact that you can't see the value of community is mind boggling even though you recognize it in the description you make. Hell, even those people Mr. Romney has hired to tout their "individualism" in business acumen have received assistance from the government. Even in business, Romney relied upon the government to make profits. In all instances, you think a recognition of shared responsibility is an insult to business people, when in fact it is the opposite. Stultus raro agnoscit est stultus.
  • darthtbone Kevin 2012/08/09 03:09:15
    darthtbone
    I still think you are missing my point. If I sell you a widget, you gave me market price and I gave you a widget. We are even. That's it. That's all. I don't have to pay more taxes because I sell you stuff.

    I see the value of community, absolutely. But what Obama and Elizabeth Warren have said is that business people do not participate in community. It is phrased as THEY (business owners) take advantage of the roads, bridges WE (Obama and non-business owners) paid for.

    I don't think recognition of shared responsibility is an insult. I think it is an insult for the President of the US to tell the people who pay the most taxes and shoulder more of the "shared responsibility" that they "didn't build that" and that they aren't doing enough.

    The Latin's a nice touch. I feel quite foolish trying to explain the same thing to you over and over. Cuiusvis hominis est errare, nullius nisi insipientis in errore perseverare.
  • Kevin darthtbone 2012/08/16 03:05:33
    Kevin
    Since you are taking the whole context away from the phrase, your explanation is erroneous because the President and Warren are recognizing that business people participate and are part of the community and that's their whole point. We rely on one another in whatever endeavor we embark upon.

See Votes by State

The map above displays the winning answer by region.

News & Politics

2013/05/18 23:52:54

Hot Questions on SodaHead
More Hot Questions

More Community More Originals