Romney has prospered through good business
Aug. 15, 2012 at 3:15 a.m.
Editor, the Advocate:
Actually, Romney knows what it is to do without. He spent two years before going to college serving as a religious missionary in France among the poorest of the poor.
Romney paid for his own education. He had invested in American Motors at $6 per share and sold it when in college at $96 per share. He did borrow $42,000 from his father to buy a small house for his wife and new family while in college.
By the time his father died, the estate was divided among siblings, and Romney donated his share to the Brigham Young University education system (for a tax write-off I believe).
Since Romney was not in the Salvation Army business of saving souls, if the investment purchase of a business went bad, it was sold. There is no difference in any privately owned business going bad and the owner laying off and closing their doors.
Romney has opened two years tax returns required by vetting, 2010 and 2011. His veep will do the same.
Of note is the fact that almost all wealthy American citizens from all walks of business life try to protect their money and have some investments overseas on advice of their consultants. Swiss banks are one way.
I hired a man to cut my grass at $10 per hour. He said that salary won't pay for all his needs. When he sobers up, I will give him Ms. B.M. Flores' letter. Maybe he will run for president. Anyone will be better than what we have now.
John Henderson, Victoria