The Advantages of the Rich

From the NYTimes:

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. Yet the hundreds of pages of tax documents released by Mr. Romney’s campaign on Tuesday morning did not readily reveal any elaborate financial legerdemain or exotic tax shelters. What Mr. Romney’s returns illustrated, instead, was the array of perfectly ordinary ways in which the United States tax code confers advantages on the rich, allowing Mr. Romney to amass wealth under rules very different from those faced by most Americans who take home a paycheck. 

It is way more likely you can’t relate to this type of wealth. You think you can, but in reality you’d be wrong. This is wealth on a magnificent scale. 

Do you think a man with this kind of financial portfolio has any idea what a man who makes $40K a year does each day?

Romney would be President of the rich people. That’s a really, really small number of Americans. Obama is rich, of course. Not Romney rich, but he has made money. He has also worked hard. I feel he has a much better understanding of that family struggling to put food on the table and a roof overhead than Romney.

The silver spoon only feeds the rich.