And you and I would do the same damned thing if we had that kind of money.
I oppose a VAT tax.
I like a retail sales tax.
If that’s all we had, then there would be no reason for anyone to
jump through hoops and engage in these financial shell games.
The vast majority of this money is corporate. They do a lot of business overseas, so they keep their money there. It is the working capital of a business, nothing else.
Wait! Don't tell me. Cuz they're "offshore"?
Otherwise, tell me when Romney does something illegal. This guy's like Eliot Spitzer -- goes after people doing legal things because he doesn't like what they're doing.
And Psalm 49 has something to say about that.
Nothing that a huge cut in spending, a huge cut in government, and a huge cut in taxes wouldn't remedy.
This family has been supporting this church (cult) for ages. Let Mitt tell them that he's leaving the church and see what happens.
The Mormons started near where I am in NYS. A local, circa 1870 history book says the cult should be gone soon.
Hiding assets from the local government doesn’t sound like a bad thing. Keeping one’s assets in a number of countries and currencies sounds like embracing and celebrating diversity to me.
“Obviously, all of this tax avoidance means that governments around the world are missing out on a whole lot of money.”
Obviously to me at least is that governments around the world have come to believe that they are the owners of everything and are entitled to all wealth as they see fit.
>>...But it is what he said next that is troubling -
“And if there’s an opportunity to save taxes, we like anybody else in this country will follow that opportunity.” -
I certainly believe him when he says that too...<<
You find that *troubling*? I find it a near sacred duty to starve the federal leviathan of as much of the fruits of our labors a humanly and legally *possible*.
To make sure I understand you correctly, you are saying you find it “troubling” that someone would seek to legally minimize their tax-burden? If I follow the logic, do you also think the govt has too few of our confiscated dollars to spend?
As for the rest of your article, the only thing that comes to mind is, “So stinkin’ what? If the govt policy(s) encourages folks to manage their finances and investments this way — So what?” I’m not rich and I don’t have offshore anything, but neither do I envy or regret those who do.
Now, I’ve said before and I will say it again that defending Romeny is the *last* thing I want to do, but you class-warfare types keep putting us in that situation. There is NO controversy there, unless you have evidence of some *illegal* activity. So, please knock off the class-warfare stuff.
Honestly, with no offense intended, despite any assurance one may offer to the contrary, the only thing a class-warfare argument does is make you appear bitter, petty and envious over someone else’s success.
Sounds like the problem is taxation, not the funds.
Conservatives came to power promising to close the elite’s corporatists tax loopholes in the past through instituting a flat tax.
We called it corporate welfare. We called for a flat tax so no one could buy power for tax breaks and anti-competition measures. The power to hand out tax loopholes gives Washington and their pals too much power and influence over small business and the middle class.
Perry has a great tax plan for us to adopt in the name of ending Romneylike tax loops.
McCain tried to curtail free speech in elections claiming donations from “special interests” buys power in DC. He did not like the conservative groups that went after him and other Rinos in elections. He was not really worried about corporate tax loophole and anti-competition purchaces of power. He sure was not worried about corporations passing their losses off to taxpayers through the purchasing of DC power.
Conservatives should stand up against “croney capitalism” and call for reforms in what is avialable to corporations and unions for purchase in DC.