Comments about ‘Letter: Capitalism and wealth: Nothing wrong with spending hard earned money’

Return to article »

Published: Thursday, Sept. 27 2012 12:00 a.m. MDT

  • Oldest first
  • Newest first
  • Most recommended
Salt Lake City, UT

Ok, I don't covet Mitt's wealth. But I don't respect him nearly as much as some other rich men. Bill Gates, Steve Jobs and even Mark Zuckerberg are people that I respect much more than Mitt. The reason is because Mitt didn't actually build anything. Gates, Jobs, Zuckerberg etc all built a product (Windows OS, iPod/iPhone/Macbook, Facebook) How did Mitt create his wealth? Well he took out a loan, bought up failing companies stripped the assets and sold the carcass of the company to new investors. He didn't build anything, he was a corporate junk seller.

Miss Piggie
Salt Lake City, UT

@LDS Liberal:

"Mitt Romney has his wealth tucked away in secret Foreign accounts."

He could have tucked it away in a US bank such as Bear Stearns... but wouldn't have it anymore. I think Romney made a good choice. Far better than I with secret accounts tucked away in the erstwhile Washington Mutual Bank.

And his 'secret' accounts must not be so secret if you know about them... unless you and your fellow mud-slinging Democrats are just making things up. Which is it?

We already know more about Mitt Romney’s tax returns than we do about Barack Hussein Obama.

LDS Liberal
Farmington, UT

Hayden, ID
People need to work for what they receive because if they don’t they become less than their creator designed them to be.
11:40 a.m. Sept. 27, 2012

Agreed! (for once)
I invite you to read Noodlekaboodle post @ 1:57 p.m. Sept. 27, 2012

He explains HOW Mitt Romney the venture Capitalist made his wealth very well.

BTW – It also is the same scam the Money Changers in Jerusalem did 2,000 years ago.
But low, sell High – Not producing anything.
FYI – This sort of Money Making (gain) It runs contrary to the Law of the Harvest. It’s more like How Cain made his riches….Corporate Raiders are just Pirates in Suits.

Centerville, UT

Toys R Us
Clear Channel Radio
Dunkin Donuts
Domino's Pizza
The Weather Channel
Burger King
Sealy Mattress
Baskins & Robbins

Bain was not just in the business of destroying, this list is a list of some of the companies saved by Bain.

USS Enterprise, UT

The libs are really showing their true colors. They want wealth to be given to the poor, yet fail to recognize that buying luxury items does more to raising the poor out of poverty than just giving them stuff ever will.

Look at it this way. If Romney buys a 10,000 square foot house, there is no way he can clean it himself. He now will have to hire at least 2 people to clean his house. We know that he doesn't mow his own lawn, so there is another person hired to help care for his luxury house. Now, if you have several wealthy people who all need those services, you now have several people working and providing for their families who otherwise would be waiting for a handout.

Now, we know that Romney has an 80% success rate in helping businesses grow. How many people are now working at Staples as a direct result of Romney's work?

For every luxury item purchased, there is a long string of skilled and unskilled labor that has benefitted.

Liberals would have us treat the poor like puppies and give them what they need, when they just need jobs.

Salt Lake City, UT


"He took control of distressed companies, sent jobs to other countries..."

I don't think so. Here's a partial list of companies Bain either created or saved...

Burger King, Burlington Coat Factory, Clear Channel Communications, Domino's Pizza, DoubleClick, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America, Sealy, The Sports Authority, Staples, Toys "R" Us, Warner Music, ertc.

LDS Liberal
Farmington, UT

USS Enterprise, UT

We know that he doesn't mow his own lawn, so there is another person hired to help care for his luxury house.


As i recall,
He hired illegal aliens to do it for him.

His money is "sitting" in foreign banks.
He's building nothing, he's spending nothing.

As Brigham Young said,
Money sitting idle is the devil's.
Nothing is being bought nor sold, So nothing is being produced.
It' not in "usuary", so it's not stimulting the economy.

A millionaire's lavish lifestyle changes little after a certain point,
after that, he's just "hording" the wealth of this earth and keeping out of the hands of others.

[Journal of Discources -- Sorry, I'm just leaving work, and do not the complete reference in front of me.]

Salt Lake City, UT

@JSF(and all of the other posters listing the business Mitt saved)
I noticed an interesting choice on your list. Clear Chanel Radio. First, Bain bought Clear Chanel in 2007, which is after when Mitt claims he gave up control at Bain. But it is a good example of what private equity firms can do to a company. First they sold off Clear Chanel TV stations and live concert business. (stripping the value out of the company) They also sold almost 500 radio stations after being acquired by Bain. Then they laid off 7% of the workforce, because of the debt acquired due to being bought by a private equity firm. Finally they are facing bankruptcy because of a lack of cash flow due to..... You guessed it, debt. Isn't that ironic?

Mad Hatter
Provo, UT

Romney was born into wealth. There is a difference between someone who came from very little and achieved success. Romney's wealth is not an issue. The issue is how does he relate to people who don't either come from the world he grew up in or live in the world in which he currently exists. It is a completely different way of looking at the world.

He just had many, many advantages most Americans can only dream about. Having said that, it is not that amazing that he doesn't have all that much sympathy for the 47% of Americans he denigrated in his Florida talk. The only thing he really was sorry for was that there was a video of him saying what he said.

The Real Maverick
Orem, UT

Whoa the repubs commenting here sure are in a stir!

Anything that irritates them is a good thing IMO.

The righties were wrong about WMDs, nation building, Medicare Part D, tax cuts to grow our economy, NAFTA, etc.

Our country is so far along, why would we care what repubs think anymore? Their party is so radical and so out of touch with America, they're merely just static.

Provo, UT

RedShirt USS Enterprise, UT

So the jist of your argument is that wealth allows a person to hire people at below minimum-wage, with no health benefits or paid vacation, to take care of immense properties they they purchased to impress their wealthy friends?

The whole narrative behind conservative policy appears to be to create more competition among American workers for low-paying jobs so that we don't have to expolit undocumented immigrants.

By telling low- and middle-income American parents that their children shouldn't aspire to go to college and develop those skills which should give them higher-paying jobs, they should just join this low-wage labor pool to better serve the wealthy elite who are spending their money on huge homes with estate-sized gardens, expensive toys which require maintenance and care, and travel to exclusive locales with amenities made possible by cheap service labor.

This sounds like the system my ancestors left the old country to come to America. There, a person's life choices was set at birth. If born into poverty, you stayed in poverty so serve the Master and his people. Certainly not aspire to anything better and cause "inconvenience".

Salt Lake City, UT

Wealthy people, of whom I am not one, spend their money creating jobs for us all. Sending our money to DC only wishes they could do the same.

Casa Grande, AZ

Hey guess what Hemlock, people have been working and making a living long before there were wealthy people. Wealth came along with warfare and conquering of land.

A little history would be good for an awefull lot of people.

Sure God created the universe but we pay rent to Bob the banker.

Nobody would work for someone else if they didn't have to. Seeking enough power to able to take advantage of people and never doing any labor and creation is NOT admerable.

Salt Lake City, Utah

Re: Owen Heber City, UT
"Nothing at all, as long as you spend it to help those who don't have enough ..."

Supporting those who've made terrible choices in the past and present, and will continue to make them in the future only inables them to continue to be dependent on others.

As the saying goes, "Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime."

USS Enterprise, UT

To "LDS Liberal" once again your liberal filters only take in part of the story. Romney hired a business to take care of his lawn. Once he found out that they hired illegal immigrants, he fired that business. See "Romney Explains Record of Hiring Illegal Immigrants as Lawn Keepers" at ABC.

How is Romney's money sitting idle? He gave $4 million to charity and paid another $3 million in taxes. The rest of his money is in investments. His money is not sitting idle, it is making more money. How else do you get $13 million in investment income?

Please stop spreading half truths, they are worse than lies.

Heber City, UT

Rifleman: convenient of you to leave off the second phrase of my post -- "without judging how they may have ended up that way." If you believe the sacred texts Mitt claims to, assuming someone has ended up where they are through "terrible choices" is simply not allowed. In fact will result in you ending up in being judged harshly by the only party in the universe who has that authority.

Since we're tossing around quotes;

"Of all the preposterous assumptions of humanity, nothing exceeds the criticisms of the habits of the poor by the well housed, the well worn and the well fed." - Herman Melville


There is nothing wrong with being wealthy, as long as it is earned honestly and honorably.


You have it right so far, but there is something more, as others have suggested.

On what do you spend your money?

A good question is: in what proportions would a public-spiritied person allocate his resources between personal luxuries and self-aggrandizement on one hand and the public weal on the other.

"Men and women of wealth, use your riches to give employment to the laborer! Take the idle ... and place them on... the areas that await the hand of industry.... embark in enterprises that will give work to the unemployed.... Make others happy and you will be happy yourselves."
Lorenzo Snow "Teachings" Page 63

It is not necessary that we have an aristocracy of wealth in this nation, an aristocracy that seems to love a large labor pool that is happy to work for minimum wages or little more, creating a growing gap between the said aristocracy and the said labor pool.

Such an aristocracy, as with all other aristocracies, tends to be self-perpetuating and of limited sympathies.

Salt Lake City, UT

The letter writer mentions the Presidents vacation days.

A direct comparison places Obama squarely on middle ground of presidential vacation days used. Of the past five presidents, during their first year in office, only two, Jimmy Carter and Bill Clinton took less time off than Obama. Ronald Reagan, George HW Bush and his son all spent much more time away from the White House than the current occupant. Obama's retreat to Martha's Vinyard in August 2011 sparked a particularly high number of criticisms, however at that point in his presidency he had only taken a total of 61 days off. Compared to that same time in office Ronald Reagan had spent 112 days on vacation and George W Bush had been away for a total of 180 days. Bill Clinton, at 28 days, had the least time off of recent presidents. Reagan held the total vacation day record of 436 until the younger Bush left office with a grand total of 977 days away from Washington, representing 1/3 of his presidency.-“Jetting Around” Obama's Vacation Record, Opensalon, APRIL 13, 2012

Othello, WA

I agree 100% with the topic of the letter. In an environment of freedom (something that jealous, nutty, leftists democrats are trying to destroy) Romney used lawful business practices and took calculated risks, in an effort to get ahead. Things could have gone the other way for him, but he had the ability to make things work out. Sure he had some help and opportunities handed to him along the way, so what! We all do, just some get bigger help and opportunities.

In this environment of freedom, I fully support him using his money any way he wants. He can blow it on cars, girls, or food. He can thow it all in the ocean, or give it away to charity, or his kids or his church or your church. He can park it all in offshore accounts if he wants to, I don't care! Not my money.

He is not his dad, so why should he be expected to be like his dad? Who even thinks his dad would be any different, given today's political environment? I'm not like my father...so what? Move on, grow up, and quite being such hypocrites!

Provo, UT

@mark -- You are correct, but no list of facts will ever convince a tea partier. There is nothing at all you can say or do to prove something different from what they heard on Fox or from Limbaugh or Beck. Obama is criticized for the kookiest things by far right extremists because there is absolutely nothing he can do that they won't criticize. It's illogical, but that's just the way it is.

to comment

DeseretNews.com encourages a civil dialogue among its readers. We welcome your thoughtful comments.
About comments