As we all heard President Obama made the following comment:
“There are a lot of wealthy, successful Americans who agree with me, because they want to give something back. They know they didn’t -look, if you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something – there are a whole bunch of hardworking people out there.
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…”
So we should examine this particular quote. First, Mr. President, there are a lot of wealthy successful Americans who do give back and not in the form of increased tax burdens. These wealthy Americans participate in the free market. They create wealth not only for themselves but those whom they employ. They create wealth. The government cannot create wealth directly or indirectly. The only possible way a government can assist in the creation of wealth, is by creating an environment that fosters success. This is accomplished is by limited regulations, taxations, and interferences amoung other things.
And yes, many successful people did not get there “on their own” as President Obama told us. However, the help they had was others participating in the free market. The successful individuals in our nation did so by buying goods and services from one another creating wealth, employment opportunities, and all the things associated with wealth. These successful individuals took risks in order to possibly obtain a greater financial reward. The successful business owner is not only intelligent, they are hardworking, goal oriented, business savvy, and creative.
Yes many successful companies, such as Staples, did have help from companies such as Bain Capital. There are small businesses that have had help from the local communities purchasing their goods or services. They had help with small business loans from private financial institutions. And yes there are some good teachers who teach free market economies, individual liberty, and instill a foundation of basic knowledge to take the risk of business ownership. However there are many teachers that prefer to teach their students about broken socialist systems, welfare states, and instill in their students a false narrative that has been proven over time the be in fact false.
How much longer will we allow President Obama to spew this vile and false rhetoric? I for one will continue to argue the principals that made this nation a military, cultural, economic, and unrivaled superpower. In other words, the exact opposite of what President Obama tells the nation on every given opportunity.