mitt romney is rich

Mitt Romney charges that “under President Obama the rich have gotten richer, income inequality has gotten worse and there are more people in poverty in American than ever before.” Well, yes. Mainly because Republicans refused to raise the minimum wage, or extend unemployment benefits, or vote in a jobs bill. And they slashed food stamps, housing assistance, and so on. But does Romney really think Americans forget that three years ago he dismissed 47 percent of Americans as la…zy parasites; told a national TV audience he was “not concerned about the very poor;” and said the topic of inequality was too divisive to even talk about. “I think it’s about envy,” he said then. “I think it’s about class warfare.”

Romney is a pioneer in generating widening inequality. His economic agenda is based on cutting taxes on the wealthy, and keeping the loopholes that allowed him to pay a tax rate of 11%. He made his fortune in private equity – buying up companies and then squeezing their payrolls, laying off workers, loading the companies with debt, deducting the debt from corporate taxes, and then selling these pumped-up, down-sized companies for more than he paid for them.
Mitt Romney gives new meaning to hypocrisy.

—  Robert Reich via Facebook (1/28/2015)