August
2014
Monday, April 16, 2012
Robert Reich, Nation of Change
Submitted by: Jon Gilbert

How Mitt Romney Pays So Little In Taxes

Robert Reich explains in a revealing article and video how Mitt Romney makes so much money ($20 million per year) yet pays slightly less than 14% in taxes.

[Nation of Change] Mitt Romney and other plutocrats like him won’t like any economic reforms because they’d eliminate the humongous profits they’ve enjoyed at the expense of the rest of us.

Reich explains how Romney and his ilke use private equity funds to bankroll their bets on the stock market. Win or lose these fund managers win and win big at the expense of ordinary people who invest their hard-earned salaries.

 

ROBERT B. REICH, one of the nation’s leading experts on work and the economy, is Chancellor’s Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. Time Magazine has named him one of the ten most effective cabinet secretaries of the last century. His widely-read blog can be found at www.robertreich.org.

Posted by Editor on 04/16/12 at 10:31 AM •  (0) Comments

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"America does not have an aristocracy or a plutocracy."
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