Monday, September 24, 2012

The Cayman Debate

There are two sides to the whole Cayman Islands money laundering debate.

The first side if the Mitt Romney side where it is perfectly acceptable to hide your millions there so you can avoid paying taxes and contributing your fair share to society.   As Paul Abrams points out, while Mitt is not really welcome anywhere overseas, his money sure is:
Mitt Romney (R-MA) seems to have succeeded in becoming persona non grata overseas, but his money is welcome everywhere.

That Romney has docked hundreds of millions of U.S. dollars in foreign tax accounts whose only purpose is to hide it from paying taxes and yet has the chutzpah to run for President of the United States while trashing those who pay no income taxes is shocking enough. But, Lindsey Graham (R-SC) thinks this is just peachy dandy. And, Chris Christie (R-NJ) aspires to have his money hiding in the Cayman Islands' someday.

While Mitt desperately aspires to be President of this great country, this country is not great enough for Mr. Rmoney to have all of his money accounted for here.  Mitt has so much love for the Cayman's, he even likes to party on yachts that fly the Cayman's flag!

Then there is the other side of the debate, the one Paul Ryan (R- Wall St.) espouses.   The one that says "the Cayman's is just a place to hide your money"!

 Here are the two sides who disagree on tax shelters duking it out in CBS:

Or not!

Keep in mind that Mitt Romney has not held a job since 1999 and still made $20 million + last year and paid a meager less than 14% in taxes.  How much did you pay?


  1. I am of course, wondering out loud, but could we all have our employers pay us via an account in the Cayman Islands where we wouldn't have to pay any taxes? How would that fly?

  2. Paying taxes is for the littel people and we are the little people....