Just a short post today regarding Mitt Romney’s money sitting in Bermuda, Switzerland and the Cayman Islands. So what? I watched an interesting debate over the weekend on MSNBC’s “Up with Chris Hayes” where the question was posed, “is it immoral for Romney to tax shelter his money?” Everyone on the program seemed to acknowledge it was legal. So the question was, is it moral? I found the debate interesting primarily because I love watching debates but the answer for me was as clear as the stripes on the American Flag and as tasty as that first bite of apple pie. Yes, it’s completely moral.
There is a simple reality here folks. Rich people have access to services that the rest of us don’t. It’s a fact of life. The way we get that access is to become rich ourselves. Mitt Romney has legal means to pay as little tax as he possibly can and he just does it on a larger scale than the rest of us. Is it immoral for you to deduct your mortgage interest? Is it immoral for you to list your charities on your tax return? Do YOU bypass deductions so you can patriotically give as much money to the federal government as possible? Of course not. And if you don’t do it, why should Mitt Romney?
There is, to my mind, only one valid financial attack on Romney and that is the veracity of his claim of creating thousands of jobs while at Bain Capital. This is worth investigation because it speaks to one of his highly trumpeted qualifications for being President. Where Romney parks his money, as long as he does it legally, is a distraction.
One of the ways folks stay rich is to throw away as little of their money as possible. If you don’t like Mitt’s finances, vote for people who will change the tax code. Don’t blame Mitt for doing what any person with half a brain would do, namely use every legal means possible to stay in the 1%.
What do you think about how Mitt handles his money?