It was so kind of person or persons unknown to give 950 pages of Bain Capital records to Gawker, exposing (among other things) Mitt Romney’s financial portfolio, and tax avoidance strategies employed by Bain. BUT WHAT DOES IT ALL MEAN? It could mean a lot! Or nothing! There is so much information, and it is so complicated, so you are probably confused and maybe even angry, but do not panic, your Wonkette is here to help!
I'm gonna go ahead and knock business majors ;)
I inherited a latent mistrust of them from my father, seeing second-hand the horrific damage they wrought on an historic corporation (NCR; also seeing first-hand the despair it caused him watching his "superiors" ruin a good thing) with their endless restructuring and mindless quest for "savings" no matter how important the function associated with the cost line item was. In the course of implementing and then immediately reversing a switch to a "line of sight" business model, they cost themselves billions while allowing their competitors to overtake them in market areas where they had established complete dominance (at one point, they built something like 95% of ATMs installed in the UK). At some stage during this soul-destroying process, somebody somewhere decided the payroll department was pure cost, and slashed its staffing by half. The multi-million dollar embezzlement that ensued would, of course, have paid all the laid-off workers' salaries for years.
Another instructive anecdote about the value of what is taught in business school came, somewhat surprisingly, in an episode of <em>Tabitha&#039;s Salon Takeover</em> a few years back. It involved a salon owner who&#039;d gotten into the business after graduating I think it was <em>summa cum laude</em> with an MBA from USC Business. Despite that accolade, she was unable to work out for herself that hair dressing is a service business that lives or dies with its ability to form relationships with its customers. It also never occurred to her that it was essential to have a good staff and this meant she&#039;d need to have the first clue about cutting hair to be able to evaluate her staff. Finally, she never did the research to discover that hair dressing is a field in which constant staff education is necessary to allow them to keep up with the latest styles customers will be demanding.
And that is why I will always view an MBA with more suspicion than respect.
Someone who knows how their business works, someone who&#039;s capable of doing the job of their entry-level employees to at least some degree, someone who values their relationships with their staff and their customers, someone who understands the value their staff provides their business - someone like you, in other words - <em>that</em> is what I respect.
And people like you are exactly why small business owners are venerated - and rightly so - in this country. If only the waters hadn&#039;t been so muddied by the likes of Mitt&#039;s speaking &quot;business&quot;
It&#039;s always good to hear that some business owners are more interested in actually doing business than the nonsense they teach in business school.
I was just reading an article on HuffyPoo (yes, I do that) where Rmoney was interviewed by <i>Parade</i> -- which has to be the most innocuous interview imaginable -- and they had a question from a reader that boiled down to &quot;Will you bring your fucking money back into the US?&quot; (some paraphrasing here).
And his response was &quot;Well, you know I&#039;ve got that blind trust. I&#039;d have no problem with my money being in the US, but, gee, it&#039;s out of my hands&quot;.
There is so much dishonesty in that response that I am at a loss for appropriate words. The guy lies all the time. He allows his campaign to lie, and he lies in person. And he seems to be quite happy about it. I am normally leery of practicing armchair psychiatry, especially from news reports, but somehow the term &quot;sociopath&quot; keeps bubbling up in my mind.
Or, I could force myself to refrain from attributing mental illness, and simply say that I hate the motherfucking lying sack of shit.
Let me point out that the rich are taxed at the same rates as everyone else, it&#039;s just the extra that has higher rates. Federally, for the first $17,700 that anyone earns they pay 10%. Warren Buffet, Mitt Romney, the guy who hoses down your car at the car wash, it doesn&#039;t matter. If you make $17,700, you pay 10%. If you make more than that, you pay a greater portion of that extra to the government. For everything between $17,700 and $70,700 you pay 15% of those dollars; for everything between $70,700 and $142,700 you pay 25% of those dollars; and so on.
Rich people aren&#039;t treated differently than anyone else. We, like other countries, simply tax any extra money you have at higher rates. Why? Because you can afford it.
Vulture / Voucher 2012 Still Not Black
Don&#039;t forget about the big-ass gun he bought in the season premiere flash-forward scene.
well done.
even teh economist is having trouble.
I&#039;m gonna go ahead and knock business majors ;)
I inherited a latent mistrust of them from my father, seeing second-hand the horrific damage they wrought on an historic corporation (NCR; also seeing first-hand the despair it caused him watching his &quot;superiors&quot; ruin a good thing) with their endless restructuring and mindless quest for &quot;savings&quot; no matter how important the function associated with the cost line item was. In the course of implementing and then immediately reversing a switch to a &quot;line of sight&quot; business model, they cost themselves billions while allowing their competitors to overtake them in market areas where they had established complete dominance (at one point, they built something like 95% of ATMs installed in the UK). At some stage during this soul-destroying process, somebody somewhere decided the payroll department was pure cost, and slashed its staffing by half. The multi-million dollar embezzlement that ensued would, of course, have paid all the laid-off workers&#039; salaries for years.
Another instructive anecdote about the value of what is taught in business school came, somewhat surprisingly, in an episode of <em>Tabitha&#039;s Salon Takeover</em> a few years back. It involved a salon owner who&#039;d gotten into the business after graduating I think it was <em>summa cum laude</em> with an MBA from USC Business. Despite that accolade, she was unable to work out for herself that hair dressing is a service business that lives or dies with its ability to form relationships with its customers. It also never occurred to her that it was essential to have a good staff and this meant she&#039;d need to have the first clue about cutting hair to be able to evaluate her staff. Finally, she never did the research to discover that hair dressing is a field in which constant staff education is necessary to allow them to keep up with the latest styles customers will be demanding.
And that is why I will always view an MBA with more suspicion than respect.
Someone who knows how their business works, someone who&#039;s capable of doing the job of their entry-level employees to at least some degree, someone who values their relationships with their staff and their customers, someone who understands the value their staff provides their business - someone like you, in other words - <em>that</em> is what I respect.
Well, Salmon P. really really wanted to be Prez himself, so it&#039;s the same thing.
do you mean bashed Ted Kennedy about?
Hey, maggot libel! And actually, maggots can be a big help in a dirty wound. Some of my best friends are maggots!
Yes, I know, and that is not right. I was trying to make the point that we tax incomes, not people.
And people like you are exactly why small business owners are venerated - and rightly so - in this country. If only the waters hadn&#039;t been so muddied by the likes of Mitt&#039;s speaking &quot;business&quot;
It&#039;s always good to hear that some business owners are more interested in actually doing business than the nonsense they teach in business school.
Huh? Aren&#039;t those red states?
I was just reading an article on HuffyPoo (yes, I do that) where Rmoney was interviewed by <i>Parade</i> -- which has to be the most innocuous interview imaginable -- and they had a question from a reader that boiled down to &quot;Will you bring your fucking money back into the US?&quot; (some paraphrasing here).
And his response was &quot;Well, you know I&#039;ve got that blind trust. I&#039;d have no problem with my money being in the US, but, gee, it&#039;s out of my hands&quot;.
There is so much dishonesty in that response that I am at a loss for appropriate words. The guy lies all the time. He allows his campaign to lie, and he lies in person. And he seems to be quite happy about it. I am normally leery of practicing armchair psychiatry, especially from news reports, but somehow the term &quot;sociopath&quot; keeps bubbling up in my mind.
Or, I could force myself to refrain from attributing mental illness, and simply say that I hate the motherfucking lying sack of shit.
BTW, saw an ad for &quot;Atlas Shrugged, Part II&quot; yesterday. When did they start making sequels for movies as shitty as this?
&quot;I let go 4 employees. It hurt to let them go. &quot;
There&#039;s your problem right there. Mitt <i>likes</i> firing people.
Let me point out that the rich are taxed at the same rates as everyone else, it&#039;s just the extra that has higher rates. Federally, for the first $17,700 that anyone earns they pay 10%. Warren Buffet, Mitt Romney, the guy who hoses down your car at the car wash, it doesn&#039;t matter. If you make $17,700, you pay 10%. If you make more than that, you pay a greater portion of that extra to the government. For everything between $17,700 and $70,700 you pay 15% of those dollars; for everything between $70,700 and $142,700 you pay 25% of those dollars; and so on.
Rich people aren&#039;t treated differently than anyone else. We, like other countries, simply tax any extra money you have at higher rates. Why? Because you can afford it.
I love it when you talk dirty.