The incredible new Vanity Fair piece on Romney’s secretive off shore tax accounts and business practices at Bain immediately made me think of one of my favorite video clips of 2012, this one where Romney is talking about how issues related to the concentration of wealth should only be discussed in “quiet rooms”:
Mitt Romney undeniably likes his secrets, especially when it comes to money, and I have to admit that the revelations in Vanity Fair gave me a different take on the Quiet Rooms quote
What Mitt, with his offshore accounts and his secretive business practices and his endorsement of the Ryan budget which gives even more advantages to Wall Street tycoons like himself, is trying to preserve is the ability to play by a different set of rules than the rest of us. He wants a world where the wealthy have all these advantages and loopholes and secret deals and lower tax rates, precisely because that was his entire business model at Bain Capital. He wants a world where he doesn’t have to pay taxes on his accounts in Bermuda and the Caymans and Luxembourg and Switzerland. He wants a world where he can recruit anysleazebag overseas investor to invest in Bain. As Alex Seitz-Wald at Salon.com puts it: “This pattern of elusiveness is hardly confined to Romney’s finances, but rather defines his public life.”
Mitt’s entire career is defined by the secrets he has, and the fact that he didn’t have to play by the same rules as everyone else except for a few other well-connected Wall Street guys.
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