Mom is wrong about Mitt and his charitable donations, basically it was to the Mormon church and his own private foundation.
http://www.businessweek.com/news/201...r-2-years.html
At first glance, the dollar amount of the Romneys’ charitable giving is “shocking,” Russell James, director of a graduate program in charitable financial planning at Texas Tech University in Lubbock, said in a telephone interview today. “But it’s a different story when you compare it to total wealth. It’s not a shocking amount when you have a quarter- billion dollars in wealth.”
In addition to their church donations, the Romneys had deductions for more than $2 million in donations that are listed as noncash charitable contributions. That includes tens of thousands of shares of stock in Domino’s Pizza Inc, Senasata Technologies, Dunkin Donuts and Warner Chilcott that went to his family’s Tyler Foundation, based in Boston. Romney’s Bain Capital acquired those companies, records show.
dsummoner do you see taxes as a gift to the government? In return we gain services. I do not believe our founding fathers saw that as a reason to tax us.
My children are my legacy.
Would you believe that my brother is a professor of economics? None of it rubbed off![]()
The Founding Fathers realized the dangers of mob rule (aka democracy). That is why the US was founded as a democratic republic. They were correct in restricting voting rights to land owners and in not having a tax on income (they screwed up with keeping slavery and in regards to women's right to vote).
Try to answer this in a non-partisan way please. Do you think one term as a junior senator adequately prepared Obama for the job as President? Was he, at the time of his election more qualified than Romney would have been with Romney's experience in business and his executive experience as governor?
Personally, I think very few people are qualified to be president by their past experiences. It is how they grow into the job that determines history's verdict on them.
The massive debt and yearly deficit spending is due in large part to the USD being the global reserve currency. The US is in a world of hurt the day that 'foreigners say no' and the dollar hegemony ends. Coupled with that will be the end of the gravy train of the metastasized 'entitlement' spending of the US.
You can readily find copies of Michael Hudson's (a rather Liberal economist) book Superimperialism online (for 'free'). It makes for a very interesting read.![]()
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