Wednesday, January 25, 2012
I've been intrigued with the coverage of Romney's tax return releases, sparse as that coverage has been, even in the so-called "left" media and new media.
Nearly all the coverage in the major mass media has been an effort to normalize Mr. Romney's situation, using terms like "unsurprising," "typical for wealthy people like the Romneys," "sophisticated but perfectly legal," and so on.
Note is made of Romney's remarkably low tax rate -- which of course is said to be a consequence of policies set by Congress, so there's nothing wrong with it. Of course not.
The idea that someone can make more than $20 million a year for literally -- quite literally -- doing nothing to earn it is not even mentioned as a bit "unusual," as if anyone could be doing this if only they... worked hard enough, or deserved it, or something of the sort, as if it were perfectly normal and should be celebrated as "an American success story."
The fact that the Romneys literally do nothing at all to "earn" most of this money, they are merely passive investors in mostly blind trusts, is not even considered worth remarking on.
How Mitt initially got the money to embark on this do-nothing wealth machine -- from the disruption and destruction of other people's lives and futures ("that's capitalism, my friend!") -- is only mentioned by rivals. The fact that Bain Capital is and has always been a predatory outfit, looting and destroying the work of others for its own profits is not a topic for discussion amid polite company at all.
It's all perfectly normal, what anyone of his wealth and financial sophistication (not to mention political ambition) would be expected to do.
And he tithes to his church, so he's obviously moral.
("And did you hear? Those nasty Democrats and that arrogant Negro in the White House are engaging in Class War again.")