Posts Tagged gaming the irs
Republicans, but Americans in general, are big on patriotism. The platform that Romney is running on for president is steeped in classic Americana of the “Leave it to Beaver” kind: mom and apple pie, the flag, guns, Christian values, and a lot of other things that evoke pride in and ask for devotion to the United States of America.
But devotion to one’s country also requires personal sacrifice for the larger good, including paying your taxes. For Romney to preach the Republican gospel from the top of a mountain while privately amassing a fortune by evading taxes is deeply hypocritical and unpatriotic.
Based on his track record, the only use Mitt Romney has ever seen in the government apparently is the extent to which it can be manipulated and molded to cater to the needs of corporations and the wealthy, at the expense of everyone else. Outsourcing jobs, which effectively means paying very little for labor overseas while at the same time depriving Americans of the opportunity to earn a living, is completely in line with the aforementioned credo.
Mitt Romeny’s past with respect to Bain Capital are at the forefront of the debate in this upcoming presidential election and campaign, seriously questioning his fitness to be the President, not CEO as he seems to think, of the United States. Swiss bank accounts and offshore accounts in the Cayman Islands and Bermuda for the purposes of tax evasion as well as his refusal to release his financial statements and tax documents seriously bring into question Mitt Romney’s integrity and most importantly fitness for the office of the presidency. They also seriously bring into question Romney’s alleged patriotism.
Furthermore, questions about Romney’s tenure at Bain Capital and the fortune he earned there have dogged the former Massachusetts governor as Obama and his allies have said the Boston-based firm shipped jobs overseas. Romney insists he left the company in February 1999 to take over the Olympic Games in Salt Lake City, but documents suggest he was still in charge as late as 2001.
“He actually retired retroactively at that point,” Romney adviser Ed Gillespie said. “He ended up not going back to the firm after his time in Salt Lake City. So he was actually retired from Bain.”
Yet there are documents that show his signature past the date he allegedly left Bain. A second adviser, Kevin Madden, said Romney had no choice but to have his name listed on Security and Exchange Commission documents as he sought to transfer the company’s leadership to partners.
“The reason that there is a document that had … his signature is because, during that transition from 1999 to 2002 … there was a duty to sign those documents,” Madden said.
The exact role Romney played at the firm between 1999 and 2001 is important not only because critics have raised questions about his truthfulness, but also because Bain was sending jobs overseas during that period. For someone who is running as President of this country and who has been accusing Obama of outsourcing, the question as to his role in Bain capital, especially pertaining to sending jobs overseas while he was in charge, are completely and totally relevant just as questions about his personal fiances that show a man who has been working hard to doge paying taxes in the country that houses and supports him and his activities, are relevant.
No one is questioning Romney’s right to create wealth through private equity or by putting his money into offshore bank accounts. What is in question here are his personal beliefs and judgment and thus ultimately his goals. If Romney is going to stand on a platform of patriotism and love of country, siphoning off his wealth from American shores to save on taxes which the United States desperately needs is no way to do that.
It is disturbing to think that a potential president of the United States would consider it acceptable to direct money into offshore bank accounts in order to shield that money from taxes. Taxation, unpleasant as it might be, is the primary funding mechanism for our nation; without it we would be reduced to a wasteland of crumbling infrastructure, non-existent public services, and anarchy. Taxes fund most of our crucial public functions from road repair and public transport, food inspection, to the police force, welfare, and even trash collection. Why then would a highly educated, politically conscious, and ostensibly patriotic Romney go out of his way to minimize his own share of taxes?
At best it shows a greedy mentality, and at worst demonstrates a disregard for the welfare of his country. According to a 2011 report from the California Public Interest Research Group, offshore tax havens cost the US government roughly $100 billion every year.
Romney’s general unwillingness to take responsibility for his actions and much less own them further creates a chasm bringing into question his already-withered-down-to-a-toothpick ethics and sincerity. Gillespie said Romney may have been listed as “part-time” in Bain after 1999, but that he had no role in the firm’s day-to-day affairs, a point the campaign has attempted to make repeatedly in order to separate him from Bain’s activity related to outsourcing during that period. Romney has said he left the company completely in 1999 when he started working to plan the 2002 Winter Olympics.
Romney: Dishonest and Unpatriotic
A couple of months ago I reported on the groundbreaking levels of dishonesty Mitt Romney had crossed. That was right after he took credit for the automobile industry bail out, even though he had been caught on record asking for Detroit to go bankrupt already:
“If General Motors, Ford and Chryslesr get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye,” Romney wrote. “In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check.”
I didn’t think it was possible for Romney to be any more dishonest than he already is, but what do you know: there is always room for more lies, shameless accusations that have no basis in reality and the kind of insincerity that makes politicians who have the ethics a notch underneath that of child molester, seem like a fountain of integrity.
So you understand that it is beyond hypocritical of Romney to be calling Obama out on alleged dishonesty when campaigning, accusing him of saying anything to win a second term and demanding he apologize for attacks on the Republican’s successful career at a private equity firm.
“No, we will not apologize,” the president responded, adding that if Romney wants credit for his business leadership, he also needs to take responsibility – a word which apparently is not in Romney’s vocabulary.
Furthermore, if Romney has really nothing to hide and is in fact the person he portrays to everyone, then why not release his taxes? Why not disclose those financial documents?
The truth is that Romney has, in fact, a lot to hide. And he knows it. He knows that those tax records, unlike him, don’t lie and show a side of him he has been working hard to gaslight everyone into believing is not true.
Finally, Romney should be the last person to accuse anyone of dishonesty when not only his entire campaign but in fact his entire life is based on deception and dishonest practices to accumulate riches. He is a liar and dishonest man who got wealthy taking over companies, loading them up with debt, driving them into bankruptcy and laying people off. He changes his “mind” depending on who he is talking to and what he thinks they want to hear and he took undue credit for the car bailout – that turned out to be a success – even though he is seen on record opposing it. He is not a successful businessman, unless you call stealing from and bankrupting others while taking jobs overseas being a successful businessman.
That he has the audacity to accuse Obama of dishonesty or foul play is just another testament to this man’s not only minuscule mind but just sheer insincerity and greedy disposition.
No one is saying that you cannot be successful and wealthy in the US. What people are angry about is Romney’s complete lack of forth-right behavior and air of superiority. It is as though no one can question him. He is running for President of this country – that runs on taxes – yet he evaded paying taxes for decades. And every time someone shows evidence of a problem that seriously questions his fitness to be president, he says it is not true and that people should should just believe him. In fact, “take my word for it” has become Romney’s response to a lot of this nation’s problems.
He was the CEO, chairman and president of Bain yet he insists that he was not responsbile for what Bain did. And everytime anyone asks these relevant questions, he goes on the defense accusing the other side of begrudging him his business success.
It is apparent that Mitt Romney will will say and do anything to get the highest office in the land – even if it means demeaning the highest office in the land. And to add insult to injury, he and his useless mere figure-head of a wife pretend to relate to people who have to work for a living, trying to spin how the garbage policies they propose and which are aimed at redistributing wealth upwards, are in any way going to make their lives better.
Stealing and Bankrupting Others, Tax Evasion Are Not Hallmarks of Success
Mitt Romney is proud of Bain Capital’s “success” and feels that he and Americans in general should not be ashamed of said success. However, if “success” means putting people out of jobs and outsourcing and forcing companies into bankruptcy for personal gain, as well as evading paying taxes, then yes, we all should be ashamed of that kind of “success.” Amassing wealth through theft (of the white collar kind) and dishonest practices is not success or anything anyone in this country should emulate. The fact that a lot of Romney’s supporters, especially the middle and working class ones, think it is, is the truly disconcerting part.
Since Mitt Romney claims to be such a pious man of god who holds himself and everyone else to the highest moral standards, I conclude this post by citing a verse from his very own holy book – which he apparently failed to take into account when making those “successful” decisions at Bain and then later as Governor of Massachusetts:
“To him whom much is given, much is expected.” - Luke 12:48