As Bill Maher points out at 2:25 at the following video, Mitt Romney got rich without offering a product.
Maher: There are different kinds of rich people
As Bill Maher points out at 2:25 at the following video, Mitt Romney got rich without offering a product.
That’s pretty weak. Romney got rich helping other companies become more efficient and profitable. Without Romney, there’s no Staples, no Sports Authority, no Dominos.
Maher’s point is well taken, as there are a lot of people who profit off the system without adding value to it. It’s just that Romney isn’t one of those. Newt Gingrich, on the other hand…
Adam, I disagree. If our economic system is truly “free enterprise,” the Staples, Dominoes and Sports Authority enterprises would have been funded by another venture capital group and be there even if Romney were never born. To give someone credit for taking advantage of a universally available opportunity is like rewarding someone for just breathing.
Okay, that’s true, but Maher was alleging that these venture capitalists aren’t producing anything. No, not directly, but they are facilitating it in much the same way that the government does when it invests in companies.