Mittens went investing, and boy did he do good. When he says he’s a really, really smart businessman, he ain’t kidd‘n. Seems his campaign disclosure statement says that he has an IRA that has a balance of between 20 million and 100 million dollars. Wow!
The really fantastic part is that he’s only had it for 15 years, and the most you can invest in an IRA is $6000 per year for a total at the end of $90,000. Mind you, that’s the balance at the end and not at the beginning, he only started with $6000. What a fantastic return on investment.
You don’t suppose he got swindled by Bernie Madoff and the balance in his account is really zero? Poor, poor Mittens…. I think not.
The only way you could turn $90,000 into $20 million or five times that, is by some sort of money laundering scheme. There is absolutely no legitimate way to get a 1000 to 1 return on investment. This would ambitious, or rather foolish, even for a mob book keeper as the IRS should be all over this.
You wondered why Willard needed all the offshore accounts? Apparently somebody took huge losses, say a company like Bain, and the profits ended up in Romney’s tax sheltered account. Imagine that. Did Bain write off the losses against its taxes? Sure, why not?
The FBI and the IRS employ thousands of very bright individuals that do nothing but ferret out this sort of thing, and put people in prison for long terms. But, I have the feeling that the way the possible next President of the United States did it was all legal. Or rather this behavior has been de-criminalized by Reagan and the stooges for the billionaires that have been in charge since. As I recall Richard Nixon very nearly got caught doing something very similar involving one of his cronies, so there is precedent.
The quote updated would be, “I am not a crook, my friends“. Things don't change that much, they just get made "legal".
This is likely another move to privatization, or maybe just stupidity. The private sector can isolate and treat TB patients effectively, just like private contractors provide services for the military, instead of using GIs, at five times the cost.