Slog
News & ArtsThursday, October 18, 2012
2012 Mitt and Tagg Werre Partt of a Ponzzi Sscheme
Posted by Paul Constant on Thu, Oct 18, 2012 at 11:51 AM
Despite previous assertions to the contrary, SEC documents link Mitt Romney and his son Tagg Romney to a firm involved in the Allen Stanford $7 billion Ponzi scheme.
Tagg, who recently threatened to “take a swing” at the President, has previously denied the links but legal filings say otherwise.
When Tagg Romney eventually runs for office, I don't think he's going to have as many heartwarming stories about his dad as Mitt has about George.
1
You couldn't ask for a clearer illustration of the glaring fallacy at the heart of Romney's economic plan -- that when an investor makes money in the market, that automatically translates to a benefit for society as a whole. By definition, schemes like this benefit only the inner circle who manage to get their money out before the inevitable crash, at the expense of all the rubes who think they're investing in something with real value.
This is a perfect corollary to the empty promise at the heart of trickle-down : Let the hyper-rich investor class have their payday now and you'll get your share later. No, you won't.
This is a perfect corollary to the empty promise at the heart of trickle-down : Let the hyper-rich investor class have their payday now and you'll get your share later. No, you won't.
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