Originally
posted by
Dissident:
Ok Sam. I like that you're discussing this with me without ad hominem attacks. Thanks. I don't think you were ranting, I just didnt have time to respond to every point you made. Romney did say that 47% of Americans refuse to take responsibility for their own well being... that's a statement made in bad faith, don't you agree?
http://www.vanityfair.com/...-romney-offshore-accounts
As for his loopholes... $30 million in Bain Capital funds in the Cayman Islands alone. Look up "Sankaty High Yield Asset Investors Ltd." also. He has money in Bermuda as well; jurisdictions where there is virtually no tax and virtually no compliance.
As for the wonders of Bain... "Bain bought companies, loaded them with debt, and paid itself extravagant fees, thereby bankrupting the companies and destroying tens of thousands of jobs."
As for his tax returns and the secrecy that seems to be behind them... I think something will be revealed before the election that will either exonerate Romney or destroy him. Time will tell.
I DON'T KNOW ABOUT BAD FAITH, BUT I DO AGREE THAT THE STATEMENT WAS STUPID AND WILDLY INACCURATE. MANY IF NOT MOST OF THAT 47% WHO DON'T PAY ANY FEDERAL INCOME TAX DO PROVIDE FOR THEMSELVES. THEY JUST AREN'T REQUIRED TO, AND DON'T CONTRIBUTE INCOME TAX. I SAY GOOD FOR THEM. NONE OF THEIR MONEY WAS WASTED BY THE FEDS.
AS FAR AS SHELTERING MONEY IN OFFSHORE ACCOUNTS GOES, GOOD FOR HIM. AGAIN, THAT'S LESS OF HIS MONEY BEING WASTED BY THE GOVERNMENT. IF IT IS LEGAL, AND ENABLES HIM TO GIVE MORE TO CHARITY FIRSTHAND, THEN I'M ALL FOR IT. SAME WOULD GO FOR OBAMA IF HE WERE DOING THE SAME.
I'M FINDING CONFLICTING NUMBERS FOR WHAT PERCENTAGE OF HIS INCOME WAS GIVEN TO CHARITY, BUT FOR 2010, IT SEEMS LIKE AROUND 13 OR 14%, AND FOR 2011 THE NUMBERS I FIND RANGE FROM 20 PERCENT TO ALMOST 30%. A MUCH HIGHER PERCENTAGE THAN THE VAST MAJORITY OF AMERICANS PAY IN INCOME TAX, AND THEN HE PAID INCOME TAX IN ADDITION. I DON'T THINK IT IS ACCURATE TO SAY THAT HE HASN'T CONTRIBUTED HIS "FAIR SHARE".
OBAMA DEMANDS THAT "THE RICH" PAY MORE, BUT CONTRIBUTES VERY LITTLE TO CHARITY VOLUNTARILY. ROMNEY SAYS "THE RICH" PAY ENOUGH, AND VOLUNTARILY PARTS WITH A PRETTY SIZEABLE CHUNK OF HIS INCOME BEFORE IT IS SEIZED BY THE GOVERNMENT.
AND FINALLY, THIS DISCUSSION IS BECOMING ALL TOO CIVIL, AND IS STARTING TO COME PERILOUSLY CLOSE TO CUDDLE TIME, SO.... CANADA SUCKS!
HA!
SAM
