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WCGreen

(45,558 posts)
Wed Sep 5, 2012, 01:43 PM Sep 2012

Is Romney ashamed of his wealth, a traitor to his class...

If he is ashamed that he is paying at his tax rate, that tells us something about what he really feels about his tax situation.

If he was proud of what he did he would throw the taxes on the table and say I made major risks with my money to gin up the wheels of capitalism. I have made these decisions because I feel that capital should be treated with respect.

The Capitalist puts it all on the line but people who work can always find other work if I fail.

And with a lot of my investments, I had to wait years, some times decades to get my return on my investment...

Instead he sulks away and hides because...

What Romney did was not traditional capitalist. He invested money to make fast cash. He destroyed in order to take the loot as fast as the law would allow. He also shoveled money at lobbyists to create ways for him to avoid paying any tax what so ever.

What boggles my mind is that this country was built on that premise. The reason Capital Gains were treated differently was because the returns on those investments could take years. In many cases, the lower tax rate for Capital Gains was because inflation reduced the return as the value of the dollar invested had dropped.

The tax situation that built this country worked fine until those who never had it all on the line now want it all now.

This treating income differently tax wise is one of the main reason, no, it IS the main reason we are in this situation we are in.

To put it simply, why would you want a salary when you could get stock options, wait a little while and then pay a much lower tax rate when you cash out!

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Is Romney ashamed of his wealth, a traitor to his class... (Original Post) WCGreen Sep 2012 OP
No, just ashamed of the way he got it. nt nanabugg Sep 2012 #1
I"m not sure Romney knows what he wants... CaliforniaPeggy Sep 2012 #2
He's not ashamed at all - He just knows it would be horrible for him politically. reformist2 Sep 2012 #3
That is pretty much the point i made... WCGreen Sep 2012 #4

CaliforniaPeggy

(150,714 posts)
2. I"m not sure Romney knows what he wants...
Wed Sep 5, 2012, 01:53 PM
Sep 2012

Except to be rich, and to be President.

And he has no clue how to get there...

Maybe his vast wealth will console him after he's lost.

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