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#229190 - 07/15/12 03:06 AM Re: Report: Mitt at Bain longer than admitted [Re: NW Ponderer]
numan Offline
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Registered: 08/06/08
Posts: 10853
Loc: What! Me Worry?
'
Originally Posted By: NW Ponderer

I don't think that Romney is personally an evil person, per se, but he was up to his eyeballs in profiting from the misfortune of others....

Isn't that pretty evil ?
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The ultimate result of shielding men from the effects of folly is to fill the world with fools -- Herbert Spencer

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#229193 - 07/15/12 03:14 AM Re: Report: Mitt at Bain longer than admitted [Re: numan]
logtroll Offline
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Registered: 04/26/10
Posts: 8631
Loc: New Mexico (not old Mexico)
Originally Posted By: numan
'
Originally Posted By: NW Ponderer

I don't think that Romney is personally an evil person, per se, but he was up to his eyeballs in profiting from the misfortune of others....

Isn't that pretty evil ?

noomie, you saying Bain Capitalism is evil? Might have a point there...
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#229201 - 07/15/12 04:27 AM Re: Report: Mitt at Bain longer than admitted [Re: pdx rick]
NW Ponderer Offline
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 15537
Originally Posted By: california rick
Originally Posted By: logtroll
'kay, I'll bite... Candidate Romney has a 59 point economic plan?

59-points?!? Sounds like a two-term effort. coffee
Nope, that's his "first day" agenda. wink
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A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich

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#229211 - 07/15/12 02:43 PM Re: Report: Mitt at Bain longer than admitted [Re: NW Ponderer]
Schlack Offline
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Registered: 07/22/04
Posts: 9715
Loc: Ireland
http://www.businessinsider.com/what-romney-is-hiding-2012-7


Quote:
For what it's worth, my guess is that what Romney is hiding in his tax returns is not something that is clearly illegal or dishonest, but, simply the following reality:

Romney has made hundreds of millions of dollars
He has paid very little of that (on a percentage basis) in taxes
He has made hundreds of millions of dollars in part because he has structured most of his income in ways that enable him to pay the least amount of taxes possible
This "structuring" of income has likely taken full advantage of things like the ludicrous "carried interest" tax exemption that allows private-equity investors to pay capital gains taxes on income that is actually fees [This tax treatment is one of the most outrageous and unfair elements in the entire tax code. There is no logical basis for it, and it benefits only the richest people in the country.]
This "structuring" has also likely taken advantage of offshore accounts, the contribution of hard-to-value securities at low valuations to Romney's IRA (whereupon they exploded in value), and other sophisticated tools. These tools are, theoretically, available to anyone, but, in practice, are available only to those with tens of thousands of dollars to spend every year on tax-and-estate planning.
This structuring, which (let's be honest) is done primarily to avoid paying taxes, will look bad to most Americans, who will know instinctively that it's done to avoid paying taxes and that it's not something they will ever be able to afford to do--and, therefore, will seem unfair.

In short, by not releasing his returns, I think Romney is trying to avoid calling more attention to the fact that he is a card-carrying member of the 0.01%, a group of Americans who deserve to be proud of their success but who are also understandably viewed with suspicion and frustration by most other Americans right now, especially when they argue that they're still paying too much in taxes.

Read more: http://www.businessinsider.com/what-romney-is-hiding-2012-7#ixzz20hbsMRgP
_________________________
"The basic tool for the manipulation of reality is the manipulation of words. If you can control the meaning of words, you can control the people who must use the words."
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#229288 - 07/15/12 11:48 PM Re: Report: Mitt at Bain longer than admitted [Re: pdx rick]
NW Ponderer Offline
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Registered: 09/09/11
Posts: 15537
This may be the weakest defense of Mitt Romney's "missing Bain years."
Quote:
"He actually retired retroactively[.]"
Ed Gillespie
_________________________
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich

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#229289 - 07/15/12 11:55 PM Re: Report: Mitt at Bain longer than admitted [Re: NW Ponderer]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 8631
Loc: New Mexico (not old Mexico)
Originally Posted By: NW Ponderer
This may be the weakest defense of Mitt Romney's "missing Bain years."
Quote:
"He actually retired retroactively[.]"
Ed Gillespie

Wholly Mother of Crikey! That's... that's like a LEVEL 10 Etch-A-Sketch move!! Unbelievable!!!
_________________________
"You can't fix a problem until you understand what the problem is." Logtroll

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#229294 - 07/16/12 12:32 AM Re: Report: Mitt at Bain longer than admitted [Re: pdx rick]
NW Ponderer Offline
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 15537
_________________________
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich

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#229296 - 07/16/12 12:55 AM Re: Report: Mitt at Bain longer than admitted [Re: NW Ponderer]
Ted Remington Offline
old hand

Registered: 07/09/08
Posts: 4939
Originally Posted By: NW Ponderer


Ouch. THAT's gonna leave a mark!
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#229298 - 07/16/12 01:16 AM Re: Report: Mitt at Bain longer than admitted [Re: NW Ponderer]
rporter314 Offline
old hand

Registered: 03/18/03
Posts: 6212
Loc: Highlands, Tx
i read it this morning but couldn't bring myself to post it

i had to laugh at him as it bordered on the absurd ... i guess only in the world of the 0.01%er's can one take a leave of absence and then after several years decide to actual retire at the earlier date ... kewl gig if you can get it
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ignorance is the enemy
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#229301 - 07/16/12 01:23 AM Re: Report: Mitt at Bain longer than admitted [Re: NW Ponderer]
pdx rick Offline
Member
Carpal Tunnel

Registered: 05/09/05
Posts: 40562
Loc: Puget Sound, WA
Originally Posted By: NW Ponderer
This may be the weakest defense of Mitt Romney's "missing Bain years."
Quote:
"He actually retired retroactively[.]"
Ed Gillespie

ROTFMOL

'Retroactive retirement!

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