Dan Mitchell Defending Tax Havens (and Mitt Romney) on Wall Street Journal Online TV
Published on Jul 13, 2012 by danmitchellcato
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It worries me more about how my tax dollars are being spent by President Obama than what Mitt Romney did with his private money.
July 15, 2012 by Dan Mitchell
I’ve defended Mitt Romney for utilizing the efficient financial services sectors of so-called tax havens.
But I may have been focusing on the trees and missed the forest. By highlighting the perfectly legal nature of Romney’s investments and commenting on the valuable role of tax havens in the global economy, I’ve neglected the main argument, which is that people have a right to do whatever they want with their own money and it’s none of our damn business.
What is our business, by contrast, is what politicians are doing with the money they confiscate from us. This Lisa Benson cartoon helps to make that point, though it would be even better if she had written “Romney’s Stash for His Own Money” and “Obama’s Stash for Our Money.”
P.S. Lest anyone think I’m being partisan, the headline of this would be just as accurate if I added “How Bush Spent My Money” or “How Romney Would Spend My Money.” Bush, after all, followed the same fiscal agenda as Obama, and Romney’s track record suggests he will be similarly profligate.