Tom Smith hits it out of the park

"You didn't build that" fallacy explained.

Tom talks about the apparent ignorance of the basics of finance. I think he's being generous. It is pure ignorance or perhaps he's allowing that they know they're lying bastards?

• Borrowing money is a simple contract governed by the rules of law.
• Selling shares is governed by the rules of law.
• Public infrastructure is fully paid by taxes. Taxpayers over pay to allow for non-taxpayers to use that infrastructure. Therefore, any argument that taxpayers aren't paying their fair share is bullshit.

For the government to come in after the fact and change the rules is fascism.

As if government is part owner of every business and person in this fair land.

Right, the definition of fascism. That's exactly what Obama and Company are doing. They are fascists.