Income Inequality

Fraud, fear and greed

If Romney Hates Government And Its Workers So Much Why Is He Running For President?, Dave Johnson, Campaign for America’s Future

Mitt Romney says government workers are paid too well and in general government is a bad thing. But he wants to run it. Romney made his fortune by buying companies, laying off the workers, and keeping the money they were making for himself. He apparently thinks everyone but the 1% are paid too well. So maybe that’s the plan.

The American Federation of Government Employees (AFGE) President John Gage had a few things to say about that:

…Do you think the meat and poultry inspector who earns less than $32,000 a year while protecting Americans from E. Coli and other deadly diseases is making too much? How about the correctional officer who earns less than $39,000 a year while guarding ruthless gang leaders in understaffed federal penitentiaries? And do you really think that the VA nursing assistant who earns just over $27,000 a year providing care to veterans who have come home with serious psychological trauma is living the high life?

For Romneys, Friendly Code Reduces Taxes, Nicholas Confessore and David Kocieniewski, New York Times, Jan. 24, 2012:

Mitt Romney and his wife, Ann, made $27 million in 2010. They held millions of dollars in a Swiss bank account and millions more in partnerships in the Cayman Islands. His family’s trusts sold thousands of shares in Goldman Sachs that were offered to favored clients when the storied investment house first went public. The couple’s effective federal tax rate for the year worked out to 13.9 percent, a rate typical of households earning about $80,000 a year.

Categories: Income Inequality, Labour, USA

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