Mitt Romney and the Poor

06 Feb

I have not been paying attention to any of the GOP nomination stuff that has basically taken over the news, but I wanted to talk about one thing that I thought would be interesting that I happened to hear the other day while my husband was watching.

Apparently, Mr. Romney made the following comment that received a lot of negative backlash….‘I’m not so concerned about the poor, they have a safety net. If it has holes, I’ll repair it.’

I believe that the reason that this remark is considered a political gaffe is because by dismissing the poor by saying there are safety nets in place that must mean that he ultimately has no real intention on focusing on the problem with intent to find a solution.  This statement makes it sound as though he is really saying ;;;;”we don’t gotta worry about poor people because I can just make sure they keep getting their freebies and be done with it.”

Maybe that is really what he was saying, but short of this solution, can anyone think of a better one?  Does anyone really think that there is some hope for the “middle class” in this nation – let alone the poor?

Maybe Newt Gingrich’s solution of offering janitorial jobs to children is a reasonable workable solution…..

Don’t get me wrong, I don’t even care who wins this nomination – because I feel that none of them care about the plight of the poor and even if there was some rare candidate that did, the damage is so severe I doubt there is a true solution.

I can’t even believe that we are still considering Mr. Romney as a potential US president after we found out this:

“NEW YORK (CNNMoney) — Republican presidential candidate Mitt Romney made $42.7 million over the past two years and paid $6.2 million in taxes, according to documents released Tuesday by his campaign.

Romney and his wife, Ann, filed a joint 1040 reporting $21.7 million in 2010 income and $3 million in federal taxes. They also said their 2011 income was $21 million and tax bill was $3.2 million.

Over the two years, Romney’s effective tax rate — the percentage of his income that he owed in federal income taxes — was 14.5%. 

Nevertheless, and contrary to popular perception, Romney’s effective federal income tax rate is still above that of many Americans –80% of whom have an effective rate below 15%. That tax rate is higher when other federal taxes — such as the payroll tax — are included.

The reason Romney’s rate is so low — despite having one of the highest incomes in the country — is because his income was derived almost entirely from capital gains and dividends from his extensive portfolio of investments. And that form of investment income is typically taxed at just 15%, well below the 35% top tax rate for high earners.”

For full article click this link: Romney Tax Return

How can we trust anyone who doesn’t understand that the “middle class” in this country cannot afford to meet thier monthly bills let alone have money left over for investments and simply looks at the situation as a legal one as opposed to an ethical one?

Most “middle class” people in this country are paying the highest rate in taxes because it comes out of their paycheck as payroll tax.  Most “middle class” people in this country don’t have the luxury of deriving most of their income from smart investments that their financial advisers and accountants suggest.

My question is while it is great that there is a safety net for the poor in this country…where’s the safety net for the heart of America – the “middle class”?

You think maybe the person who is voted as the Republican nominee will somehow lower the price of living so that our bills will be easier to pay?

Maybe he will require each state to raise the minimum pay to at least $20 per hour so that we can keep up with inflation and mothers can stay home with their children for a change.

Or….maybe every middle class family will get a free accountant or financial adviser to personally guide them when it comes to investing their money wisely as well as free tax advice that will enlighten the “middle class” to all the tax secrets the wealthy are privy to.

My parents have worked HARD their whole life – both of them.  One is a paralegal and the other is an optician.  Both have maintained their jobs (at the same company) for several years.  They are valued employees and they are serious about responsibility.  They are now in their 60’s and cannot stop working because they need to pay their bills.  Social Security is not going to cut it and they have lost a large portion of their retirement pensions due to the current economic situation.

Is anyone going to help them and everyone like them….which I believe must be a large percentage of this country?  Where is their safety net?  There are plenty of holes….are those going to get fixed?

As far as Obama is concerned, again I am not one to have opinions on any individual politician.  I think they are all the same.  They want power and money – just like the rest of us.  The only difference is that they are so motivated by these two things that they have devoted their lives and every ounce of their minds to making sure they have them.

Bottom line is this….”Those who are too smart to engage in politics are punished by being governed by those who are dumber”  ~Plato

Other posts you might like:

To Imitate or Initiate – That is the Question

The Federal Reserve is Privately Owned

Government Bails Out Banks – Not People

Status of Occupy Wallstreet

Democrats vs. Republicans – The Third World War

Peace is a Right of Every American Citizen

Greed – The Deadliest Sin of Them All

Why is Life Unfair?

Life is full of controversy so here is a thought to live by:
Why is life unfair?
Because there’s never going to be a system that is fair to everyone.
Shannon Miller

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