Mitt Romney doesn't know what "fair" means

Yes, Mitt Romney believes it's FAIR that he pays a lower tax rate than you do.

Pelley: Now, you made on your investments, personally, about $20 million last year. And you paid 14 percent in federal taxes. That's the capital gains rate. Is that fair to the guy who makes $50,000 and paid a higher rate than you did?

Romney: It is a low rate. And one of the reasons why the capital gains tax rate is lower is because capital has already been taxed once at the corporate level, as high as 35 percent.

Pelley: So you think it is fair?

Romney: Yeah, I think it's the right way to encourage economic growth, to get people to invest, to start businesses, to put people to work.

Yes, the Bush Tax Cuts sure encouraged economic growth, didn't they?  All Mitt's lower tax rate does is allow him to move cash out of the country more efficiently.  He doesn't reinvest it.  He sits on it, effectively taking it OUT of the economy.

If you want to use money efficiently, give it to someone who will spend 100% of it in goods and services in the United States.  You know, like people who AREN'T RICH do.

And his stupid point about the capital already having been taxed once at a corporate level is laughably ridiculous.  All money is taxed time and time again.  People who buy goods pay a sales tax.  The company that takes in that revenue (hopefully) pays a tax on the profit.  When they use that money to pay their employees, their employees pay taxes on it.  It's a never-ending cycle.  There is no such thing as tax once and never get taxed again.

Dumbass.