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How Did Mitt Romney Get So Obscenely Rich?

Hits: 6597 | Rating: (2.8) | Category: News & Politics | Added by: madest
Page: 1 2 Next >   Jump to: Bottom    Last Post
xiquiripat
Male, 18-29, Western US
 2419 Posts
Friday, April 13, 2012 10:44:15 AM
@Crakr: And yet, some how, American oil companies have tripled EXPORTS outside of the United States.

Here

And Here

PierreJeanFR
Male, 40-49, Europe
 1337 Posts
Friday, April 13, 2012 9:59:03 AM
Crakrjakass humping 5cats: lots of retarded pussies.

ExtraCredit
Male, 50-59, Midwest US
 448 Posts
Friday, April 13, 2012 9:30:07 AM
I didn't know Robert Reich was such a rabble rouser.

BTW: I am referring to CrakrJak, 5Cats, and their ilk.

mcboozerilla
Male, 30-39, Europe
 649 Posts
Friday, April 13, 2012 6:06:58 AM
Romney's a scumbag. Watch Newt's video. He put lots of people out of work and closed down lots of companies.

CrakrJak
Male, 40-49, Midwest US
 16911 Posts
Friday, April 13, 2012 3:52:58 AM
jops: Oil companies have wanted to drill more and more, but despite Obama's rhetoric he's restricted drilling and killed the Keystone pipeline.

The so called 'subsidies' liberals scream about are for cleaner fuels (ethanol and bio-diesel) and green energy projects (wind and solar). Companies like BP, which took a huge PR hit with the oil spill, also invest in windmills and ethanol production that all companies can get subsidies for.

5Cats
Male, 50-59, Canada
 24468 Posts
Thursday, April 12, 2012 9:47:57 PM
@jops360: The "12 hours" comes from an IAB posting about how fast the US Gov't blows through money. 1.5 TRILLION and the "Buffet Tax" would generate a max of 200 billion? Or is it 200 million... IF it were imposed, which Obama is not doing.

As for "tax loopholes" how does the top 10% of income earners PAY HALF THE TAXES if there are these 'loopholes'? Hummm? (Federal taxes, eh?) Not "should pay" but actually, in fact, do pay.

This video is pure crapola, it's Obama re-election propoganda. All smoke & mirrors, no facts allowed!

jops360
Male, 30-39, Midwest US
 509 Posts
Thursday, April 12, 2012 9:10:41 PM
crakrjak - you are right, more taxes on an already broke society wouldnt solve anything but what i am saying is to ACTUALLY enforce the tax system and take out the breaks/subsidies that most major companies dont need. take the oil companies, they get millions to offset drilling but they dont drill because it would bring more oil to the table and the price might go down. on top of that, they make RECORD profits EVERY quarter. are you telling me, taking away these subsidies is a bad thing? who needs this money more, them or a broke government? you say we need to cut spending and this is a prime example. and where do you get 12 hours at? what is the real savings in monetary terms or are you afraid that people will see its in the billions and agree with me. we need to reset the tax code. take out the loophole hidden from everyone but the rich and those who put them there and make sure that the people who actually need the help get it.

Lebowski42
Male, 18-29, Western US
 67 Posts
Thursday, April 12, 2012 7:18:40 PM
"Who has to pay more taxes to make up the difference" what difference capital gains are not income the government isn't out money because people made profits. Also many companies that Mitt and Bain capital worked with/bought hired more workers. This is why NPR said that the net impact of bain capital on jobs was near zero. These firms target mismanaged companies that are undervalued or are underperforming. The case study covered on NPR of a paper/supply company is a good example. In the end the ailing company was still ailing, but investors and bain made a lot of cash. The only loser in that scenario was the people who bought the company from Bain at a higher price than what Bain payed.

LightShaded
Male, 18-29, Canada
 420 Posts
Thursday, April 12, 2012 3:26:49 PM
we doomed.

ChrisP12
Male, 40-49, Midwest US
 186 Posts
Thursday, April 12, 2012 3:21:53 PM
Gee, thanks Bob for telling us how evil Romney make all his millions. Now, please tell us how a Community Organizer earns even a dollar?

CrakrJak
Male, 40-49, Midwest US
 16911 Posts
Thursday, April 12, 2012 2:51:46 PM
jops: Obama has already said that the 'Buffet Rule' that would supposedly close this 'loophole' is a gimmick. The difference in revenue would run the federal government for approximately 12 hours.

More taxes will not solve any problem this country has.

jops360
Male, 30-39, Midwest US
 509 Posts
Thursday, April 12, 2012 2:03:54 PM
5cats - maby thats the problem. romney on the other hand made his money screwing over the average worker. and like he said they only pay 15% because another loophole in the system. im not against making a living but when it directly takes it away from hundreds of other people while utilizing every negative loophole there is a problem. i say close the tax loopholes, get ride of corporate welfare, and make government bribery illegal again. until that happens the country will always be in the pockets of the 1%.

Fatninja01
Male, 18-29, Australia
 24493 Posts
Thursday, April 12, 2012 1:56:31 PM
meh.....

cobrakiller
Male, 18-29, Midwest US
 6935 Posts
Thursday, April 12, 2012 1:50:58 PM
5cats, and thats why I cant really trust presidents, senators, etc. because they are all rich [many of them coming from some higher level of money] and dont give a damn about anybody but themselves and their fellow wealthy.

5Cats
Male, 50-59, Canada
 24468 Posts
Thursday, April 12, 2012 1:25:45 PM
2:06 "lost revenue"? wtf? If the company is making more money than before, it's now paying more taxes! Utter bullshiite!

OH! MoveOn! That explains everything, lolz!

Hey libtards: EVERY American President is rich, including Obama! That's "obscene" enough for you?

madest
Male, 40-49, Eastern US
 6457 Posts
Thursday, April 12, 2012 12:33:09 PM
EmagehtmaI, If the messenger makes the message obsolete then everything you hear from anywhere isn't viable.

EmagehtmaI
Male, 18-29, Eastern US
 187 Posts
Thursday, April 12, 2012 11:17:13 AM
I knew the video had no credibility when I saw the "moveon.org" address. Yup. Moving on alright... to the next video.

jops360
Male, 30-39, Midwest US
 509 Posts
Thursday, April 12, 2012 10:55:37 AM
dingdingdong - if that is true then why is every one of the companies he is "invested" in, end up bankrupt/closed? sounds to me like you are just trying to come up with excuses for a system of corrupt loopholes the Romney clearly uses everyday. class warfare is just a rebuttal when there is no other answers to serious questions about how people become rich while screwing over the rest. if this is class warfare then what about EVERYTHING the right plans to do to the poor? quit being a shill.

jops360
Male, 30-39, Midwest US
 509 Posts
Thursday, April 12, 2012 10:48:51 AM
gerry - he is a douchbag because when he makes these profits he normally adds hundreds to unemployment and ruins peoples future. there is nothing like buying a company in a small town, that has few, then turn around, fire/take away benefits and after all of the workers are done close the company(causing the whole town to feel the burden) just to make a profit. this is a horrible way to ensure your pockets are full and that is why he is a horrable person. btw, this happened in my town. it caused the unemployment to skyrocket and whenever there is an opening normally there are over a hundred people trying for the same job. funny though how he claims he can lower the unemployment rate when he is one of the sole people raising it.

madest
Male, 40-49, Eastern US
 6457 Posts
Thursday, April 12, 2012 10:44:33 AM
@FoolsPrussia, Anything that is not conservative is "socialist" to a republican.

mjy34222
Male, 50-59, Southern US
 26 Posts
Thursday, April 12, 2012 10:36:38 AM
Gerry: Romney broke no laws. He only took advantage of a great big loophole. The problem is they take a company, milk it, get rid of employees and benefits. Sold it and usually left it in ruins. I am sorry, if that is capitalism then I am a socialist.

Gerry1of1
Male, 50-59, Western US
 33910 Posts
Thursday, April 12, 2012 10:27:31 AM

So Romney took other peoples money with their consent, invested it in a business which turned a profit and paid the investors back + dividend... and he's a bad guy for this?

Romney is a douchbag because he want's to give more tax breaks to rich people, get rid of minimum wage, ban gay marriage, and repeal child labor laws. But making a profit is not, the last time I checked, a bad thing.

CrakrJak
Male, 40-49, Midwest US
 16911 Posts
Thursday, April 12, 2012 10:07:00 AM
China's socialism/communism is ran by the military. The military leaders own China's corporations and they are getting very rich from it.

Here the billionaires run most things, but at least those with disposable income can play the market as well. The way the elitists will divide this country into haves and havenots is by killing the middle class and turning them into unionized wage slaves.

AvatarJohn
Male, 30-39, Southern US
 986 Posts
Thursday, April 12, 2012 10:05:12 AM
Step 3 -- wait a second. So, the goal of private industry is profit??? I thought the point of owning a company was to pay "workers". From each according to his ability, to each according to his need, right? Oh, wait, that didn't work so well for John Galt's company, did it?

FoolsPrussia
Male, 30-39, Western US
 3397 Posts
Thursday, April 12, 2012 9:54:24 AM
"The oligarchs retain control and their wealth for generations, it becomes another form of nobility. A good example of it is China, right now."

China is state socialism, in which the government owns most of the big companies and banks. That's not what we have here and I don't see that changing anytime soon.

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