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How Did Mitt Romney Get So Obscenely Rich? Robert Reich Explains - YouTube
Were you aware of this?
How Did Mitt Romney Get So Obscenely Rich? Robert Reich Explains - YouTube
Were you aware of this?
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I was unaware of that video. (There are so gosh darned many of them!)
But there's no need to watch it, since I respect Romney's choice to be obscenely rich.
I think you don't want to watch it because he's a democrat. He's credible if you ask me.I know Robt Reich & his perspective.
To watch the video would add nothing but nausea.
Oh, no...I find some Dems interesting & insightful, but just not him.I think you don't want to watch it because he's a democrat. He's credible if you ask me.
Don't you just love it when people who aren't in business analyze it for political purposes?Well, I watched the video. There is nothing wrong with using the current tax laws to your advantage. All this moral hoopla is nothing but class warfare and an attempt to demonise the Republican candidate and get Obama reelected.
Why not just change the tax laws that allow these loopholes instead of attacking Romney for being smart enough to figure out how to make money during the current system?
I think the whole thing was brilliant. Most of these companies where going to tank anyway and the people who worked for them where screwed anyway.
ook at it another way, at least the company is still in business instead of failing. Some times you have to cut the dead wood out of the forrest.
Paul Krugman has an interesting take on how Romney got rich and what it means -- and doesn't mean -- for a Romney presidency.
http://www.nytimes.com/2012/07/06/o...?_r=1&nl=todaysheadlines&emc=edit_th_20120706
Robert Reich? Seriously? Couldn't find a neutral narrator?
Anyone that's sucked in by this Democrat campaign BS has obviously never been in business. First of all what he doesn't say is that the 15 per cent capital gains tax is only paid to anyone who can show a gain of investment. If the owners had no money invested than anything they received would have been counted as income and taxed accordingly. The investors that put money into the business probably had already paid income tax on money earned. So in reality they are taxed twice. Also of the 78 companies that Romney had anything to do with only three went under. No one talks about the other 75 (such as ChicFilet) that are still viable. Give me a break.
Once again, the sole purpose of a business is NOT to gainfully employ people, the whole point is to make money for the shareholders.
Once again, the sole purpose of a business is NOT to gainfully employ people, the whole point is to make money for the shareholders.
Sweet Jesus Phil, you go ballistic when I quote the Heritage Foundation and you can't even get by the title of this video without seeing obvious bias? Since when is getting rich obscene?I see you are not refuting any of Reich's facts -- but merely changing the subject. Nice.
Right which is why they shouldn't get tax breaks or other special benefits from the government. "Job creators" my ***.
Obscene wealth is a problem for Romney with many leftish voters.OK, who writes the tax laws? Why not attack them? You know, the old black guy who has a condo in the islands and was censured in congress but still got reelected in spite of his plundering?
We could never let the blame land where it is appropriate, lets just demonise anyone who is sucessful in business and actually does write a check to the government.
You know how they say people who don't vote should not complain?
I say people who do not write checks to the government have no dog in this fight.
Capital gains are taxed differently, that is the law of the land. If you don't like this system, change it, not attack people who don't make the law just have to abide by the law. Geeze!
Not sure where you get the notion that democrats have a problem with obscene wealth. I have no issues with it, my parents are very well off and always vote republican strictly for the tax loopholes, etc.Obscene wealth is a problem for Romney with many leftish voters.
But it raises a question....why wasn't it a problem for Kerry?