Tuesday, January 24, 2012

Do You Have A Swiss Bank Account????

* Mitt Romney's tax returns have finally been released.  It appears that even though Romney's job for the past year has been as a candidate for President, his income was quite good.  However, his tax rate at nearly 14% illustrates the inequality of the American tax rate---- those at the top pay less of their income because of pro-weathy loopholes and the ability to hide large some of money in off shore accounts.  Why does he have a Swiss bank account (see CBS News), and other investments in foreign countries?  Do you have a Swiss bank account? I don't.

Romney's wealth does explain his inability to connect with regular people.  When you have several homes, are accustomed to dealing with a long list of your investments (here and overseas), accountants, and lawyers before you make a move, you cannot relate to average Americans. 

I don't agree with Newt Gingrich on anything, but I do agree that Romney's years at Bain could easily label him as a "vulture capitalist."  Taking over companies, draining them of their assets to fill your own pockets, while firing people, does not seem to be a good, moral, decent way to practice business.  The word that comes to mind when I look at this kind of business behavior is GREED.  Those investors at Bain were only interested in their own personal wealth. In their world, the more money they had the better. 

For more information on Romney's tax returns, here is a short list of articles with details:
CBS News   NYDaily News    USA Today    SF Chronicle