Romney with fortune missed private equity boom worth billions


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  • ute alumni Tengoku, UT
    Sept. 20, 2012 8:58 a.m.

    also during that ten years he took no pay. libs, i'd love to see your boy do this. won't happen. romney has much more depth to his character than barry and most libs will ever have. it isn't all about money.

  • Kalindra Salt Lake City, Utah
    Sept. 20, 2012 9:22 a.m.

    @ ute alumni: Yes - how dare Barack Obama, with a family of still young children and an annual salary somewhere around a 10th of Romney's net worth, accept a paycheck!

    He may not have taken a paycheck as Governor - but trust me, he had plenty of income. He had enough income that he paid, by his own statement, at least 13% taxes every year.

    Obama pays more than that.

    When you have income in the million dollar zone, not taking a paycheck in the thousand dollar zone is really not a sacrifice.

  • LDS Liberal Farmington, UT
    Sept. 20, 2012 9:34 a.m.

    I don't care what anyone says --

    After someone gets say, $10 Million - can their life-style improve?
    I mean seriously - you'll have the mink coats, sports cars, swimming pools, mansions, exotic Vacations, and your family will be set for generations to come.

    Anything beyond that becomes just a silly game of funny-money, a school-yrad game of who can "gain" the most.

    The problem with that, is that while hording all those Trillions of $$$, the 99% are left with even LESS.
    The "Help" work for less, they purchase less, those who "own" them get more.
    It's a steal from the poor, give to the rich - trickle-UP economy.

    If the wealthy would pay those who actually "produce" more, everyone moves up.

    Meanwhile - The rich, get richer -- the poor get poorer.

    This is why I support a better re-distribution of wealth.

  • JoeBlow Far East USA, SC
    Sept. 20, 2012 9:47 a.m.

    There has been a lot of discussion on the right and the left concerning Bain. I suspect that the truth lies in the middle, but then, I am an independent and a moderate.

    Saving companies from bankruptcy and turning them around is a valuable service to all involved. The risks should be rewarded.

    Seeking out companies in trouble for the purpose of extracting the wealth that is left and raiding pension funds at the expense of others is altogether different.

    I suspect that Bain did some of both.

  • Hutterite American Fork, UT
    Sept. 20, 2012 9:48 a.m.

    I don't imagine he got down to where he was eating generic pork and beans out of the can.

  • ute alumni Tengoku, UT
    Sept. 20, 2012 9:50 a.m.

    typical lib. everyone else needs to be generous with their time and money. btw, how old were mitt's kids? keep drinking the kool aid

  • Fred44 Salt Lake City, Utah
    Sept. 20, 2012 9:53 a.m.

    I believe that was Mr. Romney's choice and because he is part of the 1% he can afford to do that. I am not sure why this even matters. Should we put a gold star on his forehead? I am more inclined to give props to the working men and women who work 40.50.60. 70. 80 hours a week to put food on the table and have been doing that every day for the last 10 years.

    I know this article is suppose to help us see the "sacrifice" that Mr. Romney is making to try and be the president, but I guess I am not feeling his pain.

  • SUNNY ALL DAY Saint George, UT
    Sept. 20, 2012 2:56 p.m.

    Mitt has made $20,000,000+ per year as a private citizen while running for the POTUS.
    His net worth is $250,000,000+.
    He has more than enough money to fund a back-up/safety net to whatever lifestyle he or his children or his grandchildren would ever choose to live.
    He has missed out on billions?
    So what?

  • RedShirt USS Enterprise, UT
    Sept. 20, 2012 4:00 p.m.

    To "LDS Liberal" and how do you propose that we "redistribute the wealth"?

    Your previouse comments would indicate that you would force the wealthy to redistribute their wealth. What do you think the the results will be?

    Lets just take a look at what happens when people win the lottery, after all, typically that is a prime example of redistribution. They all end up in a worse condition than they were in before winning.

    Again, how are you going to redestribute the wealth? So far history teaches that capitalism does this the best, but you don't believe in capitalism, so please educate us.

  • Furry1993 Ogden, UT
    Sept. 20, 2012 6:38 p.m.

    to ute alumni 9:50 a.m. Sept. 20, 2012

    . . . btw, how old were mitt's kids? keep drinking the kool aid


    Willard's oldest son was born in 1970, while Willard was enrolled in BYU and living off his father (specifically the proceeds of stock givted to him by George Romney). His youngest was born in 1981, after Willard had started raking in obscene amounts of money from Bain. During the years mentioned in the story (2000-2010), all of Willard's children were adults. To be precise, they were all RICH adults. YOU keep drinking the kool aid.

  • RedShirt USS Enterprise, UT
    Sept. 21, 2012 8:14 a.m.

    To "Furry1993" you are complaing that Romney lived off of the college savings account that his father set up? I sure hope you didn't set up a college savings account for your kids.

    Tell us what is wrong with somebody going to college using their college savings account that their parents saved for them?

  • andyjaggy American Fork, UT
    Sept. 21, 2012 10:11 a.m.

    I've always thought similar, after a certain point what is the point of all that wealth? You can only buy so many homes and cars, I don't know at which point it just becomes superfluous, but I can't imagine you can do much more with 200 million that you couldn't do with 100 million or 50 million, etc.... Basically your time becomes the limiting factor, you can buy all the toys in the world but you only have 24 hours in a day to use them.

    You can provide that money for your posterity, but even then it comes to a point where Mitt's kids and their kids, and many generations down could live comfortably off the interest and gains from Mitt's fortune, probably without even touching the principle.