Quote:
Originally Posted by goof2
"He" can certainly do that and it is completely legal. How does Romney want to expand it?
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It's the mind set of the ORWG, (Old Rich White Guys). Their legislative focus is on tax cuts for "job creators", which is code for people who would hire lichen if it had thumbs. Romney never met a loop hole he didn't like. Bain had 138 corporate entities registered in the Caymans. We don't know how many they had in Luxembourg, cause they ain't telling.
With a record like that, what would make you think he's had a sudden change of feeling where his heart used to be, and now wants to do right by the little guy?
Quote:
Originally Posted by goof2
How in your previous hypothetical does Romney go "out of his way to make that status unavailable for thousands of people"?
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I'll admit, that was a rather broad stroke. In truth, he could go either way. I'll get to the bottom of that at the bottom. Vis-a-vis, post wise, as it were.
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Originally Posted by Amber Lamps
Oh lord, no wonder we are 15+ trillion in the hole. Romney has 32 million in offshore investments....  |
138 companies in the Caymans. One Hundred and Thirty Eight.
How many do you have?
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Originally Posted by Amber Lamps
Romney didn't write the damn tax code. I guess that none of the rich democrats in the world have ever taken advantage of tax loop holes. Of course not. You are all being lead astray of the real issues here. Where anyone chooses to invest their money is not what's fundamentally wrong with this country. Quite frankly, I'm more concerned with all of the welfare rats that pull EIC credits every year when they don't pay ANYTHING in taxes in the first place. How about the fact that half the country doesn't even pay federal income tax? What do you expect people to do? Do you pay taxes on your 401k? Don't you take every deduction that you can? Oh don't tell me, you guys pay in more than you have to to the federal govt just to be nice, right? Class envy, entitlement mentality, etc is what is fundamentally wrong with this country. Most have nots are also work nots in my experience. I don't fault rich guys trying to hold on to their money, that's what I do as well. Shit, all the feds are going to do is give it to some welfare rat, a foreign country or blow it on some bullshit project/study.... I may as well take 30% of my pay and light it on fire.  |
So to sum up, you're OK with rich people taking advantage of the tax code code, but if welfare fats do it, it's wrong.
Quote:
Originally Posted by goof2
One other thing, I can't say that they have never done what you are describing but Bain doesn't focus on buying out companies to liquidate them. They focus on venture capital (providing money to start-up companies for continued operation and expansion in exchange for equity in the company, they profit when the company is acquired or goes public) and acquisitions for reorganization (Burger King and Dunkin' Doughnuts to name a few). The goal of both activities is to end up with a stronger company, not a company out of business.
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The goal may be a stronger company, but from whose perspective, the share holders or the workers?
JC