{"id":11067,"date":"2012-05-23T14:32:54","date_gmt":"2012-05-23T19:32:54","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=11067"},"modified":"2019-07-17T21:20:48","modified_gmt":"2019-07-18T01:20:48","slug":"how-did-mitt-make-so-much-money-and-pay-so-little-in-taxes","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2012\/05\/23\/how-did-mitt-make-so-much-money-and-pay-so-little-in-taxes\/","title":{"rendered":"How Did Mitt Make So Much Money And Pay So Little in Taxes?"},"content":{"rendered":"<p>Well here is the video I promised in my previous post, <a title=\"Previous post\" href=\"http:\/\/ssgreenberg.name\/PoliticsBlog\/2012\/05\/23\/why-obama-should-be-attacking-casino-capitalism-both-romneys-bain-and-jpmorgan\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Why Obama Should Be Attacking Casino Capitalism \u2014 Both Romney\u2019s Bain and JPMorgan<\/strong><\/a>. It&#8217;s not quite what I had in mind, but it is darned close.<\/p>\n<p>In the post <strong><a href=\"http:\/\/robertreich.org\/post\/20930554256\" title=\"Robert Reich post\" target=\"_blank\" rel=\"noopener noreferrer\">How Did Mitt Make So Much Money And Pay So Little in Taxes?<\/a><\/strong>, Robert Reich says:<\/p>\n<blockquote><p>\nBecause the magic of private equity reveals a lot about how and why our economic system has become so distorted and lopsided \u2013 why all the gains are going to the very top while the rest of us aren\u2019t going anywhere.<\/p>\n<p>The magic of private equity isn\u2019t really magic at all. It\u2019s a magic trick \u2013 and it\u2019s played on you and me.\n<\/p><\/blockquote>\n<div style=\"text-align:center\">\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/rodifJlis2c?rel=0\" style=\"border:thick ridge #009900\"  allowfullscreen><\/iframe>\n<\/div>\n<pre>\r\n<\/pre>\n<p>Here is the note I sent to Robert Reich about this video, and how it compares to the video I&#8217;d like to see.<\/p>\n<blockquote><p>\nI liked the video &#8220;How Did Mitt Make So Much Money And Pay So Little in Taxes? &#8220;, but I was hoping for a video with just a slightly different emphasis.<\/p>\n<p>This video would show how Mitt Romney takes over failing or nearly failing companies, strips out their assets, and then lets them go bankrupt.  It is the same point you made, but I would show a bully forcing his way to the head of the line.  He gets in front of the legitimate creditors and steals all the assets.  He leaves them nothing when the bankruptcy judge gets to them.<\/p>\n<p>You might even show how this theft from the legitimate creditors forces some of them into bankruptcy, so Romney can ride to the rescue and strip them bare too, the big bully.\n<\/p><\/blockquote>\n<pre>\r\n<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Well here is the video I promised in my previous post, Why Obama Should Be Attacking Casino Capitalism \u2014 Both Romney\u2019s Bain and JPMorgan. It&#8217;s not quite what I had in mind, but it is darned close. In the post How Did Mitt Make So Much Money And Pay So Little in Taxes?, Robert Reich [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-11067","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/11067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=11067"}],"version-history":[{"count":7,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/11067\/revisions"}],"predecessor-version":[{"id":27767,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/11067\/revisions\/27767"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=11067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=11067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=11067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}