Obama: People who earn more are merely "Society's lottery winners"

[Flash]

[

Sowell is an intelligent man

Absolutely.

I was going to follow up by pointing out that Hussein Obama is a dumbass but all he is really doing is spouting the same old socialist division that have failed for the last 100 years.

Liberals can only get power through fear, greed and envy so I guess it is expected that Obama would say stupid things like that.

What is despicable is the fact that the stupid Americans that Gruber warned us about believe the rhetoric of fear, greed and envy and that is why idiots like Obama get elected..

 

[Uncensored2008]

Sweeping out lemonade stands isn't really "involved" no matter how much you wish it so.

Well. thanks for your input Rati, it has the same value as;

 

[francoHFW]

It depends on how they make it. Asset buys IMO are criminal. Laying off people instead of finding additional revenue streams IMO are criminal. Designing and engineering crap, then blaming workers IMO is criminal.

I've been involved in the acquisition of seven businesses through asset purchase agreements. Not once have massive layoffs been involved.

Add this to the growing list of business topics you CLEARLY have zero grasp of.

So how big were the layoffs lol?

 

[Uncensored2008]

If that were the case you'd consider him MENSA

To Rati, a world renowned economist is not nearly as smart as a comedian spewing idiocy....

Come to think of it, no wonder Rati is appearing even more stupid than usual - Jon Stewart isn't around to tell her what she thinks....

 

[BluesLegend]

Even assuming that's true - and that's a BIG assumption - Neither Bill Gates nor Warren Buffet is a "lottery winner". They got rich through hard work. The kind of "good luck" they had is where you work your ass off and prepare for success so that you're ready to pounce when opportunity comes knocking. It's not very lucky at all to have opportunity on your porch when you have no way of capitalizing on it.

And as much as you'd like to confine Obama's remarks to your own personal envy hobby horse, he didn't do so, so it's not going to fly.

Bill Gates is an interesting man. He is extremely smart and has a solid grasp of business. Still, a big chunk of his success is actually a matter of luck. His presence at a time when small entrepreneurs had a massive impact on the world really was a matter of luck. There was a window from 1976 to 1882 that what Gates and Allen did was possible. Gates was also lucky that the group from Digital Research were a bunch of arrogant pricks. If DR had not blown off IBM to take a vacation, Paul Allen would have never "appropriated" DOS, Gates would not have convinced IBM to invest, and there would be no Microsoft.

Many events converged to bring about Microsoft - but Gates himself is one of those critical events. Put Rati in the exact situation at the exact time Gates was in, and she would STILL be collecting SNAP, rather than a billionaire....

That is utter nonsense.

 

[rightwinger]

Thomas Sowell had an excellent article on this little speech:

Just Asking Human Events

As regards the issue that leftists LOVE to bring up - "The wealthy use the roadways!" - he said this:

Obama goes further than other income redistributionists. “You didn’t build that!” he declared to those who did. Why? Because those who created additions to the world’s wealth used government-built roads or other government-provided services to market their products.
And who paid for those roads and other government-provided services if not the taxpayers? Since all other taxpayers, as well as non-taxpayers, also use government facilities, why are those who created private wealth not to use them also, since they are taxpayers as well?

The government IS the taxpayers

Those who profit the mot off those roads should be expeted to pay for them....hence the "you didn't build that"

 

[Uncensored2008]

So how big were the layoffs lol?

The last business we picked up was a small shop that had 16 workers and the owner. OnePercenter is a complete moron who flails at trying to pretend he has knowledge. But APA's most often include the onboarding of the staff. If a small business has a clever product, and you DON'T retain the talent, then you have absolutely nothing. Five years later, 9 of the 16 are still working for us, the former owner was brought on as a VP. What was 2 million dollar product is now doing about 70 million in gross sales. The 16 original workers needed has only grown to about 35, by applying lean and 6 sigma techniques.

Oh, at the time of purchase, they had an acid ratio of .89 to 1 - find an MBA and ask how long that business would have survived without the purchase?

 

[Cecilie1200]

They must be overly sensitive, then. Maybe we need a new PC law!

They're just human. Most humans don't like being insulted by dishonest, ignorant people.

.

So we do need a new PC law.

Thou shall not imply that people that have marketable skills enjoy an element of luck.

Reductio ad absurdum fallacy. It's all idiots like Ravi have.

Aside from the luck to have a marketable skill that earns me money.

So being a doctor is a matter of luck? Wow, who knew.

What, you've never heard of someone wandering into a hospital and just happening to be asked to perform brain surgery by a random patient passing?

 

[Uncensored2008]

That is utter nonsense.

In what way?

IBM had already sent a contract to Digital Research. IF they had signed it, CPM/86 would have been the OS on the IBM PC, and there would be no Microsoft.

 

[Uncensored2008]

The government IS the taxpayers

Bullshit.

And even for you that is absurdly stupid.

Those who profit the mot off those roads should be expeted to pay for them....hence the "you didn't build that"

They DID pay for them, dumbfuck - it's called "TAXES."

 

[BluesLegend]

That is utter nonsense.

In what way?

IBM had already sent a contract to Digital Research. IF they had signed it, CPM/86 would have been the OS on the IBM PC, and there would be no Microsoft.

Context, dishonest liberal scum are trying to spin a narrative that success is nothing but luck, hitting the lotto which is complete crap. You are attempting to do the same here with Microsoft so I'm calling you out on this.

 

[Uncensored2008]

Context, dishonest liberal scum are trying to spin a narrative that success is nothing but luck, hitting the lotto which is complete crap. You are attempting to do the same here with Microsoft so I'm calling you out on this.

Oh, it wasn't the lotto. There are not ten people in the world that could have succeeded in Gates exact situation. Even so, there was a great deal of luck that landed the most lucrative contract in history into the laps of two college dropouts. Gates had the brains and talent to make something out of it, but seriously - he was extremely lucky to get the IBM deal.

 

[RKMBrown]

Even assuming that's true - and that's a BIG assumption - Neither Bill Gates nor Warren Buffet is a "lottery winner". They got rich through hard work. The kind of "good luck" they had is where you work your ass off and prepare for success so that you're ready to pounce when opportunity comes knocking. It's not very lucky at all to have opportunity on your porch when you have no way of capitalizing on it.

And as much as you'd like to confine Obama's remarks to your own personal envy hobby horse, he didn't do so, so it's not going to fly.

Bill Gates is an interesting man. He is extremely smart and has a solid grasp of business. Still, a big chunk of his success is actually a matter of luck. His presence at a time when small entrepreneurs had a massive impact on the world really was a matter of luck. There was a window from 1976 to 1982 that what Gates and Allen did was possible. Gates was also lucky that the group from Digital Research were a bunch of arrogant pricks. If DR had not blown off IBM to take a vacation, Paul Allen would have never "appropriated" DOS, Gates would not have convinced IBM to invest, and there would be no Microsoft.

Many events converged to bring about Microsoft - but Gates himself is one of those critical events. Put Rati in the exact situation at the exact time Gates was in, and she would STILL be collecting SNAP, rather than a billionaire....

Bill is smarter than average. Right guy, right place, right time... mostly it was being a son of a mom that happened to be close friends of the wife of the IBM CEO. Hey your husband should give my son a call...

 

[RKMBrown]

That is utter nonsense.

In what way?

IBM had already sent a contract to Digital Research. IF they had signed it, CPM/86 would have been the OS on the IBM PC, and there would be no Microsoft.

Maybe... probably not. IBM was looking for a small company they could control. They can and did pretty much write DOS on their own. IBM funded around 99% of the effort. Microsoft was just the contractor IBM used to circumvent being split up like Ma-Bell.

 

[Uncensored2008]

[
Maybe... probably not. IBM was looking for a small company they could control. They can and did pretty much write DOS on their own. IBM funded around 99% of the effort. Microsoft was just the contractor IBM used to circumvent being split up like Ma-Bell.

Digital Research was only 6 guys. They had the CP/M OS from the Zilog Z80 which was selling well, which is why IBM turned to them. BUT they had to upscale it to a 16 bit OS.

{
But there are many somewhat conflicting stories about what happened when IBM went to meet with Digital Research. Gates is quoted in Fire in the Valley as saying "Gary was out flying" that day, but Kildall always denied the implication, telling the authors of Hard Drive that he had flown on a business trip to the Bay Area.

IBM and its lawyers met with Kildall's wife, Dorothy McEwen, and presented Digital Research with a one-sided non-disclosure agreement, which the company refused to sign. Later, Sams would tell the authors ofHard Drive that IBM just couldn't get Kildall to agree to spend the money to develop a 16-bit version of CP/M in the tight schedule IBM required. But whatever the reason, it's clear that IBM left Digital Research without an agreement on an operating system.

IBM communicated its problem to Microsoft later that month, and Microsoft's Gates, Paul Allen, and Kay Nishi apparently debated what to do about the program. Allen knew of an alternative: Tim Paterson of Seattle Computer Products (SCP) had earlier built an 8086-based prototype computer and while he was waiting for CP/M to be ported to the 8086, he created a rough 16-bit operating system for it. Paterson called it QDOS for Quick and Dirty Operating System, and according to Allen, it all fit within 6K. (It would later be renamed 86-DOS, and sometimes referred to as SCP-DOS.)}

The Rise of DOS How Microsoft Got the IBM PC OS Contract

 

[BluesLegend]

Context, dishonest liberal scum are trying to spin a narrative that success is nothing but luck, hitting the lotto which is complete crap. You are attempting to do the same here with Microsoft so I'm calling you out on this.

Oh, it wasn't the lotto. There are not ten people in the world that could have succeeded in Gates exact situation. Even so, there was a great deal of luck that landed the most lucrative contract in history into the laps of two college dropouts. Gates had the brains and talent to make something out of it, but seriously - he was extremely lucky to get the IBM deal.

IBM was all full of itself and its mainframes and viewed the PC as a toy, Gates and Allen saw it differently, that wasn't luck that was vision. The years following that contract also wasn't luck, it was quite competitive. Apple opted for exclusivity, Microsoft licensed their OS to any manufacture willing to pay. Then the real competitive war began when Microsoft took on the software giants of that era, Lotus and Word Perfect for example, both were firmly entrenched and owned the vast majority of those markets and had gobs of cash on hand. Microsoft destroying them with MS Excel and Word also was not luck. Stupid clowns like Obama who think its just luck really are displaying a level of idiocy that surprises even me.

 

[RKMBrown]

[
Maybe... probably not. IBM was looking for a small company they could control. They can and did pretty much write DOS on their own. IBM funded around 99% of the effort. Microsoft was just the contractor IBM used to circumvent being split up like Ma-Bell.

Digital Research was only 6 guys. They had the CP/M OS from the Zilog Z80 which was selling well, which is why IBM turned to them. BUT they had to upscale it to a 16 bit OS.

{
But there are many somewhat conflicting stories about what happened when IBM went to meet with Digital Research. Gates is quoted in Fire in the Valley as saying "Gary was out flying" that day, but Kildall always denied the implication, telling the authors of Hard Drive that he had flown on a business trip to the Bay Area.

IBM and its lawyers met with Kildall's wife, Dorothy McEwen, and presented Digital Research with a one-sided non-disclosure agreement, which the company refused to sign. Later, Sams would tell the authors ofHard Drive that IBM just couldn't get Kildall to agree to spend the money to develop a 16-bit version of CP/M in the tight schedule IBM required. But whatever the reason, it's clear that IBM left Digital Research without an agreement on an operating system.

IBM communicated its problem to Microsoft later that month, and Microsoft's Gates, Paul Allen, and Kay Nishi apparently debated what to do about the program. Allen knew of an alternative: Tim Paterson of Seattle Computer Products (SCP) had earlier built an 8086-based prototype computer and while he was waiting for CP/M to be ported to the 8086, he created a rough 16-bit operating system for it. Paterson called it QDOS for Quick and Dirty Operating System, and according to Allen, it all fit within 6K. (It would later be renamed 86-DOS, and sometimes referred to as SCP-DOS.)}

The Rise of DOS How Microsoft Got the IBM PC OS Contract

Yes, a simple OS is something that pretty much any average systems engineer can generate in about two - four weeks effort.

 

[RKMBrown]

Context, dishonest liberal scum are trying to spin a narrative that success is nothing but luck, hitting the lotto which is complete crap. You are attempting to do the same here with Microsoft so I'm calling you out on this.

Oh, it wasn't the lotto. There are not ten people in the world that could have succeeded in Gates exact situation. Even so, there was a great deal of luck that landed the most lucrative contract in history into the laps of two college dropouts. Gates had the brains and talent to make something out of it, but seriously - he was extremely lucky to get the IBM deal.

IBM was all full of itself and its mainframes and viewed the PC as a toy, Gates and Allen saw it differently, that wasn't luck that was vision. The years following that contract also wasn't luck, it was quite competitive. Apple opted for exclusivity, Microsoft licensed their OS to any manufacture willing to pay. Then the real competitive war began when Microsoft took on the software giants of that era, Lotus and Word Perfect for example, both were firmly entrenched and owned the vast majority of those markets and had gobs of cash on hand. Microsoft destroying them with MS Excel and Word also was not luck. Stupid clowns like Obama who think its just luck really are displaying a level of idiocy that surprises even me.

Toy? lol Don't tell that to the Yamato Lab. Microsoft did what IBM told them to do. If IBM had not opened up the architecture of the IBM PC there would not have been other manufactures of IBM PCs for Microsoft to sell too. Again, the reason IBM did that was to avoid being broken up like Ma-Bell.

 

[BluesLegend]

Context, dishonest liberal scum are trying to spin a narrative that success is nothing but luck, hitting the lotto which is complete crap. You are attempting to do the same here with Microsoft so I'm calling you out on this.

Oh, it wasn't the lotto. There are not ten people in the world that could have succeeded in Gates exact situation. Even so, there was a great deal of luck that landed the most lucrative contract in history into the laps of two college dropouts. Gates had the brains and talent to make something out of it, but seriously - he was extremely lucky to get the IBM deal.

IBM was all full of itself and its mainframes and viewed the PC as a toy, Gates and Allen saw it differently, that wasn't luck that was vision. The years following that contract also wasn't luck, it was quite competitive. Apple opted for exclusivity, Microsoft licensed their OS to any manufacture willing to pay. Then the real competitive war began when Microsoft took on the software giants of that era, Lotus and Word Perfect for example, both were firmly entrenched and owned the vast majority of those markets and had gobs of cash on hand. Microsoft destroying them with MS Excel and Word also was not luck. Stupid clowns like Obama who think its just luck really are displaying a level of idiocy that surprises even me.

Toy? lol Don't tell that to the Yamato Lab. Microsoft did what IBM told them to do. If IBM had not opened up the architecture of the IBM PC there would not have been other manufactures of IBM PCs for Microsoft to sell too. Again, the reason IBM did that was to avoid being broken up like Ma-Bell.

Yes toy, I lived through that era in that industry from its infancy.

 

[Ravi]

You have to laugh at Eunuch2008 claiming Bill Gates was lucky after he stated categorically that luck had nothing to do with success. And Gates was lucky:

"Here’s where the dumb luck comes in: in the 1960s, very few colleges had computer labs and a middle school with a computer was unheard of. The chances of a 13-year-old having access to a computer were pretty much one-in-a-million.

If Lakeside hadn’t purchased a computer, then young Bill might never have discovered his love for computer programming and he never would have started Microsoft."

Top 10 Business Lessons from Bill Gates