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09-10-2012, 07:36 PM   #1
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"sweat equity," only with very little sweat and 100mil IRA

What's Really Going on With Mitt Romney's $102 Million IRA - William D. Cohan - The Atlantic

This is a point that Zakaria made eloquently in his July 22 interview with Rattner. Citing something Washington Post (and my fellow BloombergView) columnist Ezra Klein had written, Zakaria said the "larger point at play" worth discussing is "that it shows that people like Mitt Romney and you have access to advice, mechanisms, strategies to build wealth that really ordinary Americans don't have access to. And that when you couple that with his agenda, which is to cut taxes further for those people, it gets to the heart of this idea that there are two Americas, one for the very, very, very rich and one for everyone else."

And on that point, Zakaria and Klein are absolutely right.


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