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VIDEO: Reich Explains Romney’s Fortunes

In a video called, “How Did Mitt Romney Get So Extremely Rich?,” Robert Reich explains how private equity partnerships like Mitt Romney’s Bain Capital work. It is a quick and easy primer on how loopholes in the tax system allow private equity partnership managers to use other people’s money to buy up companies with much of the risk being placed on the taxpayers’ shoulders. As more and more people become familiar with Romney’s career and what he did to make his fortunes, it is likely to widen his relatability gap.


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