The Democrats’ Cayman Island Misdirection
July 13, 2012 by Bob Livingston
Democrats in general and President Barack Obama in particular — aided by a sycophantic and fawning news media — are ranting about Mitt Romney’s offshore accounts, portraying him as evil and greedy because he chose to “hide” his money in “secretive” Cayman Island banks.
That such a divide-and-conquer strategy by Democrats might work on the American people demonstrates how successful progressive doublespeak is on an ignorant electorate. Your money has become their money, and many people now see that as perfectly normal.
From ABC News: “Rebecca J. Wilkins, a tax policy expert with Citizens for Tax Justice, said the federal government loses an estimated $100 billion a year because of tax havens.”
Or, to put it truthfully, American people get to keep $100 billion of their own money each year because they invest it wisely by avoiding confiscatory American tax laws and American fiat money.
I have for years recommended strategies to my readers to help them preserve their wealth. Among those are to get money out of the United States — the best way is to invest in a Swiss annuity — because the U.S. government is a greedy and insatiable monster that is stealing from you each day through overt taxes and the hidden tax of inflation.
But the progressives and statists in government believe and have convinced you that all you have is theirs and it’s up to them to determine how much, in their benevolence, you can keep. The American people blindly accept this as gospel.
There are plenty of reasons to reject Romney as a good candidate for President, but his efforts to secure his wealth by placing it overseas is not of one of them.
However, his unwillingness to address — much less promise to change — the tax laws and, more importantly, the Federal Reserve that make it necessary to look outside the United States for wealth-protection strategies is a very good reason to reject him as just another in a long line of greedy psychopaths who want to take what you’ve worked hard for.