So the other day Elizabeth Arren was out there giivn everyone a dose of reality and the Republicans freaked out: "There is nobody in this country who got rich on his own. Nobody. You built a factory out there? Good for you. But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory... [more]
So the other day Elizabeth Arren was out there giivn everyone a dose of reality and the Republicans freaked out:
"There is nobody in this country who got rich on his own. Nobody.
You built a factory out there? Good for you. But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn't have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did.
Now look, you built a factory and it turned into something terrific, or a great idea? God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along."
http://www.thestreet.com/story/11256619/1/why-you-should-listen-to-warren-not-buffett.html[less]
Response by huntersburg
over 14 years ago
Posts: 11329
Member since: Nov 2010
How are the municipal unions paying it forward when they take such excessive pensions that their cities struggle?
How are the private unions paying it forward when older workers keep their obviously unaffordable wages and benefits by encouraging their employer to hire younger workers on a lower wage scale?
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Response by tommy2tone
over 14 years ago
Posts: 218
Member since: Sep 2011
Liz is too rational for some imo
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Response by jason10006
over 14 years ago
Posts: 5257
Member since: Jan 2009
I want her for President.
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Response by LICComment
over 14 years ago
Posts: 3610
Member since: Dec 2007
Elizabeth Warren should scare lots of people with her view of government. Rich Lowry pointed out the foolishness of her statements:
"Her remarks and the celebration of them capture the Left’s romance with collective action over individual initiative. Most people don’t look at a successful manufacturer and say, “Yeah, but he’d be nothing without a surface-transportation network.” Although all of us (not just the rich) travel roads and bridges, few of us open factories.
Focusing on infrastructure as the crucial support of entrepreneurial activity is like crediting the guy who built young Bill Gates’s garage with the start of Microsoft. Yes, Gates needed a roof over his head, and garages are useful. But it was Gates who had the ambition to do more in his garage than store his car and lawn-care products. Incalculably more important than his physical surroundings were his imagination and business sense.
Could Gates have done it in Mogadishu or Peshawar? Certainly not. But the goods cited by Warren as the foundation of a workable business environment are extremely minimal. If all the government did was build roads, educate kids, and provide for public order, it’d be a libertarian paradise almost up to the standards of Ron Paul. Then our government could easily be funded exclusively by taxes on the rich.
In the real world, Warren wants her factory owner to fund runaway spending that threatens the country’s future, unreformed entitlement programs, a public sector that is often effectively a jobs program for the Democratic party, a failing education system, subsidies for other people’s factories so long as they are “green,” and a burgeoning regulatory apparatus crimping his business. All of this is supposed to activate the owner’s sense of mutual obligation?"
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Response by sledgehammer
over 14 years ago
Posts: 899
Member since: Mar 2009
How's your shoe shining business goin'?
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Response by NYCMatt
over 14 years ago
Posts: 7523
Member since: May 2009
Not only do I want Liz to be president, I'd even consider turning straight to date her.
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Response by MidtownerEast
over 14 years ago
Posts: 733
Member since: Oct 2010
Why does the name Rich Lowry sound so familiar? Ah, yes, he once advocated the "nuking of Mecca":
Great source, as usual, LICC. Anyone more extreme than Anne Coulter has got to be credible.
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Response by huntersburg
over 14 years ago
Posts: 11329
Member since: Nov 2010
Good memory. I too have been waiting 9.5 years to discuss Rich Lowry.
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Response by Wbottom
over 14 years ago
Posts: 2142
Member since: May 2010
I want elizabeth warren!
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Response by Wbottom
over 14 years ago
Posts: 2142
Member since: May 2010
Licdope with another beauty...
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Response by Socialist
over 14 years ago
Posts: 2261
Member since: Feb 2010
"Focusing on infrastructure as the crucial support of entrepreneurial activity is like crediting the guy who built young Bill Gates’s garage with the start of Microsoft."
No, it's like crediting the public school that young Bil Gates was educated in from kindergarten through high school.
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Response by falcogold1
over 14 years ago
Posts: 4159
Member since: Sep 2008
Warren, the only rational person standing, should be running the show.
I wonder how many more times she has to point out that the emperor has no cloths before anyone listens.
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Response by jason10006
over 14 years ago
Posts: 5257
Member since: Jan 2009
Funny, but Bill Gates HIMSELF advocates higher taxes on the wealthy, such as himself.
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Response by huntersburg
over 14 years ago
Posts: 11329
Member since: Nov 2010
Is Bill Gates willing to apply these taxes retroactively, including the compounding effects thereof, or should they just apply once he's made all of his money?
But sure, Bill Gates can have higher taxes, and anyone else who is as wealthy as Bill Gates, if I'll agree with you Jason, Bill should be in charge of determining the tax rates and policies of all people as wealthy as Bill Gates, plus or minus - what can we agree on? - 10% or 20%. Ok I'll give you 20% - that seems like a reasonable cushion so we don't have to bicker about who is covered by the new Bill Gates tax bracket. Feel free to use the following to help you with names. http://www.forbes.com/forbes-400/
How are the municipal unions paying it forward when they take such excessive pensions that their cities struggle?
How are the private unions paying it forward when older workers keep their obviously unaffordable wages and benefits by encouraging their employer to hire younger workers on a lower wage scale?
Liz is too rational for some imo
I want her for President.
Elizabeth Warren should scare lots of people with her view of government. Rich Lowry pointed out the foolishness of her statements:
"Her remarks and the celebration of them capture the Left’s romance with collective action over individual initiative. Most people don’t look at a successful manufacturer and say, “Yeah, but he’d be nothing without a surface-transportation network.” Although all of us (not just the rich) travel roads and bridges, few of us open factories.
Focusing on infrastructure as the crucial support of entrepreneurial activity is like crediting the guy who built young Bill Gates’s garage with the start of Microsoft. Yes, Gates needed a roof over his head, and garages are useful. But it was Gates who had the ambition to do more in his garage than store his car and lawn-care products. Incalculably more important than his physical surroundings were his imagination and business sense.
Could Gates have done it in Mogadishu or Peshawar? Certainly not. But the goods cited by Warren as the foundation of a workable business environment are extremely minimal. If all the government did was build roads, educate kids, and provide for public order, it’d be a libertarian paradise almost up to the standards of Ron Paul. Then our government could easily be funded exclusively by taxes on the rich.
In the real world, Warren wants her factory owner to fund runaway spending that threatens the country’s future, unreformed entitlement programs, a public sector that is often effectively a jobs program for the Democratic party, a failing education system, subsidies for other people’s factories so long as they are “green,” and a burgeoning regulatory apparatus crimping his business. All of this is supposed to activate the owner’s sense of mutual obligation?"
How's your shoe shining business goin'?
Not only do I want Liz to be president, I'd even consider turning straight to date her.
Why does the name Rich Lowry sound so familiar? Ah, yes, he once advocated the "nuking of Mecca":
http://prospect.org/cs/articles?article=thats_rich
Great source, as usual, LICC. Anyone more extreme than Anne Coulter has got to be credible.
Good memory. I too have been waiting 9.5 years to discuss Rich Lowry.
I want elizabeth warren!
Licdope with another beauty...
"Focusing on infrastructure as the crucial support of entrepreneurial activity is like crediting the guy who built young Bill Gates’s garage with the start of Microsoft."
No, it's like crediting the public school that young Bil Gates was educated in from kindergarten through high school.
Warren, the only rational person standing, should be running the show.
I wonder how many more times she has to point out that the emperor has no cloths before anyone listens.
Funny, but Bill Gates HIMSELF advocates higher taxes on the wealthy, such as himself.
Is Bill Gates willing to apply these taxes retroactively, including the compounding effects thereof, or should they just apply once he's made all of his money?
But sure, Bill Gates can have higher taxes, and anyone else who is as wealthy as Bill Gates, if I'll agree with you Jason, Bill should be in charge of determining the tax rates and policies of all people as wealthy as Bill Gates, plus or minus - what can we agree on? - 10% or 20%. Ok I'll give you 20% - that seems like a reasonable cushion so we don't have to bicker about who is covered by the new Bill Gates tax bracket. Feel free to use the following to help you with names. http://www.forbes.com/forbes-400/