Our Corrupt New Old Regime Aristocracy

Shortly after Mitt Romney’s failed 2008 campaign for the Republican nomination his son Tagg set up a private equity fund with the campaign’s top fundraiser. One of the first donors was his mum, Anne. Next came several of his dad’s financial backers. Tagg had no experience in the world of finance, but after two years in the middle of a deep recession the company had netted $244m from just 64 investors.
Tagg insists that neither his name nor the fact that his father had made it clear he would run for the presidency again had anything to do with his success.

He pulled himself up by his boot straps after using his dad’s money to hire a team of boot-strap-pullers and a staff of advisors to make sure his boot straps and the people helping him pull them would be tax deductible as business expenses.