You guys took your usual tortuous path to a simple question: Did Romney build an IRA to ridiculous levels by putting assets into it with a fraudulently low valuation?
If Mitt obeyed the law just like the rest of us, why did his IRA grow by a factor of 10,000%? Why doesn't everyone who invests $60,000 over ten years end up with close to $100 million?
There simply is no way to spin this that doesn't look bad for Mitt.
Or for the wealthy in general. It reinforces the belief that once you pass a certain threshold of wealth, you join the club and and gain a Midas touch, and from then on everything you touch automatically turns to gold, regardless of effort or merit. That the rich get richer simply because they're already rich.
Undervaluing assets is a common form of tax evasion
The whole thread (19 posts)
- Harry Reid's brilliant move
