Two years later, despite a challenging fund-raising climate for private equity, Solamere, named after a wealthy enclave in Utah’s Deer Valley where the Romneys have a winter home, finished raising its first fund. The firm blew past its $200 million goal, securing $244 million from 64 investors, including a critical, early $10 million from Mitt Romney and his wife, Ann, and hefty commitments from wealthy supporters of the campaign.
Tagg Romney raised a lot of money for his own private equity fund because his daddy ran for President. Must be nice to raise money from your dad's rich friends, and here's the kicker, the kid has no experience managing managing a fund.
Tagg Romney says, he never could have had the financial success he's currently having if not for the fact that his rich parents' relationships with other rich people got him in the door.
I can't think of any way to purge society of this kind of unfairness, but it's a crucial reality on the propriety of progressive taxation and the general social prestige of rich people. The ability to get in the door is a valuable asset. Tagg Romney had it, and most people don't.
The system is not fair, and there's no way we can actually stop Romney's kid from cashing in on big daddy's success, but what we can do is tax both of them to help people who don't have rich parents helping them out.
http://www.slate.com/...
http://www.nytimes.com/...
Mitt your kid is rich and getting richer because he was lucky enough to be born your son, and you call those of us who question your wealth accumulation haters, well, your dad was one of those haters.
That's another rebellion against his late dad. Not only was George Romney, that loser, ironclad in his ideological commitments; his vision of how capitalism should work was in every particular the exact opposite of the one pushed by the vulture capitalist he sired. (If George Romney's AMC was around now, Mitt Romney's Bain Capital would probably be busy turning it into a carcass.) A critic once said he was "so dedicated to good works his entrance into politics is like sending a Salvation Army lass into the chorus at a burlesque house." As a CEO he would give back part of his salary and bonus to the company when he thought they were too high. He offered a pioneering profit-sharing plan to his employees. Most strikingly, asked about the idea that "rugged individualism" was the key to America's success, he snapped back, "It's nothing but a political banner to cover up greed." He was the poster child for the antiquated notion that corporations have multiple stakeholders: the workers that breathe them life, the communities in which they are situated, and the nation to whom they owe a patriotic obligation – most definitely and emphatically not just stockholders, as Mitt and his defenders say.
In the video above, today's Romney insists there is no reason to question the distribution of wealth in America except for envy of the rich – did his rich dad question the distribution of wealth in America out of envy for the rich? – and that it was a subject only appropriate for discussion in "quiet rooms." (His dad didn't talk about it in quiet rooms; he talked about it at a Sunday worship service at the 1972 Republican convention, praying, "Help us to help those who need help.")
Read more:
http://www.rollingstone.com/...
Mitt Romeny is a spoiled ass rich kid who never created anything but misery for working people. That's it. No nuance needed. Just attack him for being the spoiled brat he is and in 10 years when his spoiled ass brat of a son wants to run for President the same attack on him will work.