Mitt Romney on corporate profits

August 15, 2011

At the Republican debate in Iowa, presidential contender Mitt Romney answered a question from the audience about corporate profits by saying: "Corporations are people, my friend. Everything corporations earn ultimately goes to the people. Where do you think it goes?"

No wonder the man was heckled. The question is not whether those profits go to people, but how many people they go to, and how much each person in the corporation gets.

In the world Mitt Romney does not inhabit, people at the lowest rungs of the ladder toil for a pittance, with one person doing the job of two or three, no pay raises or adjustments for inflation, and always threatened with the ax in full knowledge that they are expendable and can be replaced by cheaper workers somewhere else.

Meanwhile, most of the money goes into the pockets of the guys at the top, regardless of whether the companies they head are profitable. Even when they sink their companies, they fly over the rest of on golden parachutes that guarantee them life-time financial security.

In the face of this ugliness, Mr. Romney throws out a duplicitous question -- and answers it disingenuously because he underestimates our intelligence.

Usha Nellore, Bel Air

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