Kosmo's Krap

How The 1% Get Rich

- Employers can contribute up to $30K per year to an employee’s IRA.
- Romney was his own employer.
- Employers contributions can include stock.
- That stock does not have to be ‘sold’ at market value.

So, Bain leverages a buyout of Domino’s Pizza. Because of the leverage, the market price of Domino’s stock drops to $5/share. Bain contributes that stock to Romney’s IRA at 5 cents per share. At that rate, they could contribute 600,000 shares, which, though bought at $30,000, actually have a market value of $3 million. Two years later, Bain starts selling this stock on the open market and today it is trading at $31, making that $30K investment worth $18.6 million.

How’s that for sleazy?

(Source: liberalsarecool)

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    this shit is why business schools, programs, finance degrees and MBAs will never go out of style. in capitalist...

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