$10,000 an Hour?

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Is this guy really worth $10,000 an hour?  Is this the best the GOP can do?


Mitt Romney, according to some sources, made $20 million last year.  $20,000,000 equates to $54,794.52 per day, or $1,611.60 anhour or $28.86 a minute.  That’s everyminute of every day.   Mitt Romney makesmore money per minute than the median American family makes per hour at $51,000per year ($26 per hour, roughly).
But it is worse that that. If we take this amount and divideit by 50 working weeks a year (most Americans get a paltry two weeks vacation ayear) and a 40 hour work-week (again, most Americans work more hours thanthat), his annual income equates to an hourly rate of $10,000 an hour. 
 In other words, hisincome is about 400 times the median family income in America.
Is this a lot of money? Yea, it is.  And since it is alllegally characterized as “investment income” and not wage income, he pays onlya 15% Capital Gains tax on it, not the ordinary income rates you and I pay –even though clearly he labored at Bain Capital to make that dough.
Is making a lot of money wrong in and of itself?  Perhaps not.  You invent a new smart phone, you make millions of dollars.  That is the incentive to invent.  You create a new restaurant chain, you makea ton of dough – you took risks, and you reap the rewards.
But Romney’s money is not from creating wealth, but fromdissipating it.  Bain Capital boughttroubled companies, loaded them up with debt, spun off any profitabledivisions, and then rewarded themselves with huge bonuses for showing paperprofits for a few years.  When it allpredictably (by design) comes apart, they stripped off the pension plan andfoisted that off on the U.S. Taxpayer, through the Pension Resolution TrustCorporation – and left the pensioners with 40 cents on the dollar.
And in many cases, if the company even emerged frombankruptcy, they ended up owning it – as debtor-in-possession.  
Oh, and all the people working at the company lost theirjobs or had their union agreements voided by bankruptcy courts.  Everyone lost except Bain, of course.
So, as an “average American” do you really think you have alot in common with Mitt Romney?  Do youreally think he has your best interests at heart?
Because if you do, you are deluding yourself.  It is long way from $10 an hour to $10,000an hour.