{"id":25655,"date":"2012-01-23T14:25:17","date_gmt":"2012-01-23T21:25:17","guid":{"rendered":"http:\/\/hill-kleerup.org\/blog\/2012\/01\/23\/it-isnt-the-size-of-the-net-wealth-its-what-you-do-with-it.html"},"modified":"2012-01-23T20:55:58","modified_gmt":"2012-01-24T03:55:58","slug":"it-isnt-the-size-of-the-net-wealth-its-what-you-do-with-it","status":"publish","type":"post","link":"https:\/\/hill-kleerup.org\/blog\/2012\/01\/23\/it-isnt-the-size-of-the-net-wealth-its-what-you-do-with-it.html","title":{"rendered":"It isn&#39;t the size of the net wealth, it&#39;s what you do with it"},"content":{"rendered":"<p>It isn&#39;t that Romney&#39;s rich &#8212; it&#39;s that he exemplifies a lot of what people associate with being the <i>bad<\/i> sort of rich &#8230;<\/p>\n<p><i>&quot;A big part of the 2012 election is going to be about tax equity and more generally who the government is working for. Mitt Romney is a poster boy for an answer to that question that cuts very badly for Republicans.&quot;<\/i><\/p>\n<p>A man who started with a platinum spoon in his mouth made big money as a private equity investor &#8230; and now has an effective tax rate of only 15% (wish mine was that low) and is pressing for legislation that would make it still lower, while supporting policies and plans that reduce government help for the poor and increase the overall tax burden on the lower classes.<\/p>\n<p>The irony here is that, in part, this is also what&#39;s suddenly blowing back on Romney during the primaries, as Gingrich has zeroed in on him for just this criticism.  #ddtb<\/p>\n<p style='clear:both;'>\n<p style='margin-bottom:5px;'><strong>Embedded Link<\/strong><\/p>\n<div style='height:120px;width:120px;overflow:hidden;float:left;margin-top:0px;padding-top:0px;margin-right:10px;vertical-align:top;text-align:center;clear:both;'>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img style='max-width:none;' src='http:\/\/images0-focus-opensocial.googleusercontent.com\/gadgets\/proxy?container=focus&#038;gadget=a&#038;resize_h=100&#038;url=http%3A%2F%2Ftalkingpointsmemo.com%2Fassets_c%2F2012%2F01%2FMitt-Romney-Red-bg-cropped-proto-custom_6.jpg' border='0' \/>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t<a href='http:\/\/talkingpointsmemo.com\/archives\/2012\/01\/i_keep_hearing_that_people.php?ref=fpblg'>Don\u2019t Be Stupid: It\u2019s Not About the Money | Talking Points Memo<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\tI keep hearing that people are claiming it\u2019s a problem that Mitt Romney is rich. Only no one actually seems to be saying that. I understand why Mitt Romney is claiming that, which he continually does&#8230;.\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p style='clear:both;'>\n","protected":false},"excerpt":{"rendered":"<p>It isn&#39;t that Romney&#39;s rich &#8212; it&#39;s that he exemplifies a lot of what people associate with being the bad sort of rich &#8230; &quot;A big part of the 2012 election is going to be about tax equity and more generally who the government is working for. Mitt Romney is a poster boy for an &hellip; <a href=\"https:\/\/hill-kleerup.org\/blog\/2012\/01\/23\/it-isnt-the-size-of-the-net-wealth-its-what-you-do-with-it.html\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;It isn&#39;t the size of the net wealth, it&#39;s what you do with it&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_analysis_target_kw":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[106,99],"tags":[107],"class_list":["post-25655","post","type-post","status-publish","format-standard","hentry","category-plusposts","category-elections-2012","tag-ddtb"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":25776,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/01\/28\/romney-tries-being-not-so-rich-and-tax-coddled.html","url_meta":{"origin":25655,"position":0},"title":"Romney tries being not so rich and tax-coddled","author":"***Dave","date":"Sat 28-Jan-12 10:50am","format":false,"excerpt":"Or at least tries convincing us he's not, by incorrectly mauling numbers to make it seem like he's paying 50% income tax.Only in your worst dreams, Mitt.He must be getting really worried about Newt. #ddtbReshared post from +David McGirrMitt Romney attempting to backpedal. He is failing.He's saying that he pays\u2026","rel":"","context":"In &quot;~PlusPosts&quot;","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30486,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/10\/05\/capping-tax-deductions.html","url_meta":{"origin":25655,"position":1},"title":"Capping tax deductions","author":"***Dave","date":"Fri 5-Oct-12 6:34am","format":false,"excerpt":"Romney's new plan to ostensibly let him lower tax rates while keeping revenues neutral by capping deductions sounds attractive on the face of it. It lets him claim to be revenue neutral (though see below) while not taking any heat for killing any particular sacred cows.But, once again, there are\u2026","rel":"","context":"In &quot;~PlusPosts&quot;","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30465,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/10\/03\/first-debate-wrap-up.html","url_meta":{"origin":25655,"position":2},"title":"First Debate Wrap-Up","author":"***Dave","date":"Wed 3-Oct-12 9:06pm","format":false,"excerpt":"First off, apology for being Over-Tweetful. Bottom line: a win for Romney. \u00a0Romney essentially\u00a0jettisoned\u00a0(or denied) everything he's said viz the economy, the budget, tax policy, etc., and instead promsing puppies and roses and unicorns and lower taxes (but not for the rich!). Which left him free to attack Obama for\u2026","rel":"","context":"In &quot;Elections 2012&quot;","block_context":{"text":"Elections 2012","link":"https:\/\/hill-kleerup.org\/blog\/category\/politics-law\/elections-2012"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2012\/10\/obama-romney-presidential-debate.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2012\/10\/obama-romney-presidential-debate.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2012\/10\/obama-romney-presidential-debate.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":28501,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/07\/10\/protecting-the-rich-from-taxes.html","url_meta":{"origin":25655,"position":3},"title":"Protecting the rich from taxes","author":"***Dave","date":"Tue 10-Jul-12 12:10am","format":false,"excerpt":"Obama and the Dems and Romney and the GOP all agree that the Bush temporary tax cuts on the middle class shouldn't be allowed to expire just yet. \u00a0(I disagree, but that's another story.)The basic difference between the parties is whether the Bush temporary tax cuts cuts on the rich\u2026","rel":"","context":"In &quot;~PlusPosts&quot;","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30383,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/09\/27\/romney-is-ruining-it-for-the-rich.html","url_meta":{"origin":25655,"position":4},"title":"Romney is ruining it for the rich","author":"***Dave","date":"Thu 27-Sep-12 6:15pm","format":false,"excerpt":"... by showing how a whole bunch of dubious tax loopholes work. Curses! Embedded Link Quote of the Day: Romney Is Ruining Things For All the Other Rich Guys The person setting up the trust, like Romney, contributes assets such as an interest in a fund or shares in a\u2026","rel":"","context":"In &quot;~PlusPosts&quot;","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30669,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/10\/17\/the-new-improved-romney-tax-plan.html","url_meta":{"origin":25655,"position":5},"title":"The New, Improved, Romney Tax Plan","author":"***Dave","date":"Wed 17-Oct-12 10:17pm","format":false,"excerpt":"If you take what he said last night as canon -- cut income taxes 20%, cap deductions at $20K. \u00a0Result (avoiding any discussion of social or economic costs of deductions thus invalidated):\u00a0'Romney is $257 billion short, and the rest of his plan (eliminating the estate tax, eliminating investment taxes for\u2026","rel":"","context":"In &quot;~PlusPosts&quot;","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/25655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/comments?post=25655"}],"version-history":[{"count":0,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/25655\/revisions"}],"wp:attachment":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media?parent=25655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/categories?post=25655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/tags?post=25655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}