What did he do wrong?
Is Obama going to jack up the LT gains/ Dividend tax? Please tell me he is b/c that would be a disaster for the Baby Boomers
Nothing.
But he will be the symbol of the outrage people feel at decades of negative growth in their own incomes, Republican plans to tax them more with lower benefits when they retire, whilst he makes lottery winning type money every single year without lifting a finger.
Its way more than a class envy thing. It has to do with the perception that the system is rigged.
And you are deluding yourself if you think he can overcome that.
Here's the problem: He makes many times what most people make in a lifetime of hard work and the tax code gives him this incredible windfall relative to the rate someone making $50,000 pays in tax rate.
The theory is that this encourages investment in jobs-building enterprise.
Romney hoards it in the Caymens.
This is the fundamental flaw in the whole thing. The trickle down theory is bullshiite and Romney just became the poster child for the Democrats in 2012.