Saturday, June 18, 2016

You didn't build that

In 2012 President Obama said the following: If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business, you didn’t build that. Somebody else made that happen.” Later Senator Warren said something very similar. Looking further into this it becomes obvious that everyone can use these roads and bridges but only once in a while does a Bill Gates or a Steve Jobs come along and those two men have literally created millions of jobs. There must have been something about them that was different from most and it is that difference that allowed them to build these business empires. This would be like saying that Einstein did not develop the theory of relativity because he used the ideas of Newton and other scientist as a foundation for his new way of looking at the world of physics. Sabin and Salk do not deserve credit for the polio vaccines because they used the works of earlier people to build on. Adam Smith is considered the founder of modern economics but many of his ideas were formulated by his contemporaries, people like Hume and Burns.

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