In the simplest terms, ten years ago the rich and the corporations started borrowing our Social Security and Medicare contributions to give themselves big tax breaks. Now they are saying they don’t want to pay us back. And Republican presidential candidate Willard (Mitt) Romney is a spokesman for the rich.
Pressed by an attendee at the Iowa State Fair on Thursday as to why he was focusing on cutting Social Security, Medicare and Medicaid instead of asking corporations to pay more taxes, the GOP frontrunner shot back:
“Corporations are people, my friend… of course they are. Everything corporations earn ultimately goes to the people. Where do you think it goes? Whose pockets? Whose pockets? People’s pockets. Human beings my friend.”
Of course, the “people” Romney is talking about are the top 2 percent of the wealthiest Americans. Unlike “Mitt,” most of us don’t personally know any of these people. And “Mitt” isn’t our friend.
UPDATE: A commenter on TPM says:
Are you forgetting who his audience is? These are the people who have been brainwashed into believing that what benefits the rich benefits them as well. He’s campaigning to Republicans, isn’t he?
UPDATE: IRS: Nearly 1,500 millionaires paid no federal income tax in 2009.
Ten giant U.S. companies avoiding income taxes.
UPDATE: Group that Heckled Romney “Puts Principle Before Party,” Questions Both Parties on Social Safety Net, Making Corporations Pay
“We know where the money is. Not in the back pocket of a senior on Social Security. The money’s on Wall Street. It was their crisis and they should have to pay for it.”