If I need security, I get a dog. If a group of us need security, we might sign a contract and get a really big, strong dog. Let's call it...I don't know... GOVERNMENT. It's big, stupid, poops in places it shouldn't and wastes a lot of time sleeping and licking its "Representative Wiener", because it can.
But, suppose that big smelly dog also does a reasonably good job protecting my house, and yours. We build factories, we create wealth, we do a lot of useful things.
And it's true that we needed the dog, for security, so we could concentrate on things that idiotic, lazy dogs can't do.
For some reason, Elizabeth Warren concludes from all this that our dog...OWNS OUR HOUSE! That is just a non sequitur. It's a DOG. But here is what she says.
“There is nobody in this country who got rich on his own — nobody! You built a factory out there? Good for you. But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police-forces and fire-forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory — and hire someone to protect against this — because of the work the rest of us did.
Actually, you didn't pay for them, ma'am, the factory owner did. Why would my dog own my house?
The full, surprisingly idiotic video...
(Not sure where I first heard the "why should your dog own your house?" formulation, but my good friend Tony de Jasay is a likely source)