Health & Fitness
Republicans Have Adopted the Liberal Issue of 'Income Inequality'
Mitt Romney has become the poster boy for "tax and income inequality" in America.
From the beginning of the Occupy Wall Street movement the focus has been on the issue of “income inequality” in America. The rich get richer and the middle class and poor get poorer and the evidence is overwhelming to support this narrative.
The conservatives scoffed at the concern voiced by liberals, but the Occupy protests continued in cities and towns across our nation. According to the conservatives there was no evidence of income inequality and the real problem was within the protesters themselves.
Well, who would have thought? Who would of thought that at this stage of the Republican nomination process the core conservative issue would be of all things... income inequality.
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Mitt Romney has suddenly become the poster boy for the new conservative issue of class warfare. The Republicans can’t blame President Barack Obama or the Democratic Party this time, as this “liberal” cause has taken center stage in the GOP nomination process.
Romney’s Republican opponents were the first to hammer Mitt to make public his income tax returns, he had yet to make those income tax returns public but he did open a Pandora’s box when he casually said he only pays about 15 percent of his income in taxes.
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Let’s put that in perspective — a tax rate of 15 percent means that multi-millionaire Romney pays the same tax rate as a family of four only earning $50,000 a year. I don’t think Romney could ever understand the problems of raising a family on $50,000 a year because he happens to think that being paid $374,000 in speaking fees is “not very much money."
Mitt provides us with a clear definition of what a tax “loophole” really means. At least we know exactly who the Republicans are protecting when they oppose closing tax loopholes for corporations and the rich, they are protecting their future candidate for president, Mitt Romney himself.
As if Romney's ridiculously low tax rate were not enough to infuriate the hard working middle class in America, Mitt added insult to injury when we learned that he has millions of dollars of personal wealth tucked away in the notorious tax haven of the Cayman Islands in the Caribbean, how patriotic of him.
A word of warning to the conservatives, now don’t expect Newt Gingrich to come riding in on a white horse to rescue the GOP, because under Newt’s proposed tax plan, all investment income would be tax free and Romney’s tax rate would fall near “0." But keep in mind the GOP believes that a family of four earning only $50,000 a year is more than willing to carry the load for Republican multi-millionaires like Mitt Romney, after all, their children could always work as janitors in their school.