By John Berlau – At a campaign event Friday (July 13) evening in Roanoke, Va., Obama laid out his contempt for business men and women who somehow thought they earned their wealth. ‘If you’ve got a business — you didn’t build that,” he proclaimed to the crowd. “Somebody else made that happen.”
Both Obama and Elizabeth Warren’s attacks on entrepreneurs suffer from the same basic flaws. First, the existence of general government programs that future entrepreneurs may benefit from, such as roads and schools (as opposed to specific aid to entrepreneurs selected by the government, i.e. Solyndra), does not take away from entrepreneurs’ achievements or create any kind of individual debt. This is because –putting aside the question of whether these programs are wise — entrepreneurs already paid for them as taxpaying citizens before their success, and will pay even more afterwards, even without the tax hikes Obama is advocating. more> http://tinyurl.com/8xlajjk
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