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Ron Paul
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Title: Release Your Taxes NOW...RON PAUL!!
Source: [None]
URL Source: http://www.roadtoroota.com/public/9 ... _l=A2d4.&awt_m=3id3f08kgFAZ85B
Published: Aug 15, 2012
Author: Bix Weir
Post Date: 2012-08-15 12:31:20 by christine
Keywords: None
Views: 168
Comments: 5

August 15, 2012

OPEN LETTER TO CONGRESSMAN RON PAUL

Hon. Congressman Ron Paul 203 Cannon House Office Building Washington, DC 20515 Phone Number: (202) 225-2831

Re: Release Your Taxes NOW...RON PAUL!!

Dear Sir:

I recently received SHOCKING information from a very reliable inside source in Washington stating that YOU HAVE NOT PAID ANY INCOME TAXES IN TEN YEARS! If this is true...I am speechless! Normally I would brush off such wild "conspiracy" stories but some of my best sources were saying it's actually very common amongst those in Congress to avoid paying their fair share of taxes. I even contacted your campaign office and when I asked about this topic all I got from them was "NO COMMENT".

Who do you "Washington Insiders" think you are? Do you think you are not accountable to the American people when you run for the highest office in our land?! I am stunned and saddened to hear this news and I DEMAND that you release 15 years of tax returns IMMEDIATELY to clear it up!

For the past 10 years we have been supporting your causes. You have taught us about open and smaller government, strict monetary policy, fiat money, accountability, personal liberty and on and on. YOU have set a very high standard...AND IT IS THE CORRECT STANDARD FOR ANYONE IN PUBLIC OFFICE.

By not releasing your tax returns you are also putting yourself at a HUGE competitive disadvantage to ANYONE you run against. Things like this do not just GO AWAY in politics. They are a thorn in the side of a candidate that opponents are free to keep jabbing at and jabbing at.

Ron Paul: You taught us to be upfront, forthright and most of all - honest.

We expect NOTHING less from our candidate for President.

We, YOUR LOYAL FOLLOWERS, call on you to do the right thing.

RELEASE YOUR TAX RETURNS NOW!

We need to know the TRUTH and we will HOLD ALL OTHER CANDIDATES TO THE SAME STANDARD!

Sincerely,

Bix Weir & The Ron Paul Disciples www.RoadtoRoota.com

PS - Mitt Romney...YOU ARE NEXT!

Post Comment   Private Reply   Ignore Thread  

#1. To: christine (#0)

YOU HAVE NOT PAID ANY INCOME TAXES IN TEN YEARS!

Ummm... If he hasn't, more power to him. He does claim, however, to return half his congressional paycheck to the treasury. If so, how does that fit into this indicting demand?

Pinguinite  posted on  2012-08-15   13:17:37 ET  Reply   Trace   Private Reply  

Here at Total Return, we’ve looked at hundreds of the annual financial-disclosure forms in which the members of Congress reveal their assets and trades – and we’ve never seen a more unorthodox portfolio than Ron Paul’s. (In fact, The Wall Street Journal revealed problematic trading in Congress more than a year and a half before the “60 Minutes” episode that recently raised a ruckus over the same topic, but that’s another matter.)

According to data available through his 2010 “Form A” financial disclosure statement, filed last May, Rep. Paul’s portfolio is valued between $2.44 million and $5.46 million. (Congressional disclosures are given in ranges, not precise amounts.)

Most members of Congress, like many Americans, hold some real estate, a few bonds or bond mutual funds, some individual stocks and a bundle of stock funds. Give or take a few percentage points, a typical Congressional portfolio might have 10% in cash, 10% in bonds or bond funds, 20% in real estate, and 60% in stocks or stock funds.

But Ron Paul’s portfolio isn’t merely different. It’s shockingly different.

Yes, about 21% of Rep. Paul’s holdings are in real estate and roughly 14% in cash. But he owns no bonds or bond funds and has only 0.1% in stock funds. Furthermore, the stock funds that Rep. Paul does own are all “short,” or make bets against, U.S. stocks. One is a “double inverse” fund that, on a daily basis, goes up twice as much as its stock benchmark goes down.

The remainder of Rep. Paul’s portfolio – fully 64% of his assets – is entirely in gold and silver mining stocks. He owns no Apple, no ExxonMobil, no Procter & Gamble, no General Electric, no Johnson & Johnson, not even a diversified mutual fund that holds a broad basket of stocks. Rep. Paul doesn’t own stock in any major companies at all except big precious-metals stocks like Barrick Gold, Goldcorp and Newmont Mining.

Rep. Paul also owns 23 other miners – many of them smaller, Canadian-based “juniors” whose stocks are highly risky. Ten of these stocks have total market valuations of less than $500 million, a common definition of a “microcap” stock. Mr. Paul has between $100,010 and $326,000 (roughly 5% of his assets) invested in these tiny, extremely volatile stocks.

Rep. Paul appears to be a strict buy-and-hold investor who rarely trades; he has held many of his mining stocks since at least 2002. But, as gold and silver prices have fallen sharply since September, precious-metals equities have also taken a pounding, with many dropping 20% or more. That exposes the risk in making a big bet on one narrow sector.

At our request, William Bernstein, an investment manager at Efficient Portfolio Advisors in Eastford, Conn., reviewed Rep. Paul’s portfolio as set out in the annual disclosure statement. Mr. Bernstein says he has never seen such an extreme bet on economic catastrophe. ”This portfolio is a half-step away from a cellar-full of canned goods and nine-millimeter rounds,” he says.

There are many possible doomsday scenarios for the U.S. economy and financial markets, explains Mr. Bernstein, and Rep. Paul’s portfolio protects against only one of them: unexpected inflation accompanied by a collapse in the value of the dollar. If deflation (to name one other possibility) occurs instead, “this portfolio is at great risk” because of its lack of bonds and high exposure to gold.

Running an investment portfolio that protects against only one bad outcome is like living in California and buying homeowner’s insurance that protects only against earthquakes, says Mr. Bernstein. You also want protection against fire and wind and theft and the full range of risks that houses are prone to. Likewise, he adds, investors should hold a broad mix of assets that will hold up under a variety of good and bad scenarios.

A spokeswoman for Rep. Paul didn’t respond to requests for comment. But you can say this for Ron Paul: In investing, as in politics, he has the courage of his convictions.

I predict future happiness for Americans if they can prevent government from wasting the labors of the people under the pretense of taking care of them ~ Thomas Jefferson

Lod  posted on  2012-08-15   13:50:43 ET  Reply   Trace   Private Reply  

But you can say this for Ron Paul: In investing, as in politics, he has the courage of his convictions.

i agree. this makes me lose some respect for Bix Weir. also, i meant to put a FWIW disclaimer when i posted this.

christine  posted on  2012-08-15   16:53:41 ET  Reply   Trace   Private Reply  

I'd rather see AJ's return than RP's.

But neither's any of my business.

I predict future happiness for Americans if they can prevent government from wasting the labors of the people under the pretense of taking care of them ~ Thomas Jefferson

Lod  posted on  2012-08-15   17:10:55 ET  Reply   Trace   Private Reply  

This can't be true considering Ron Paul is calling for Romney to release his tax returns.

God is always good!

RickyJ  posted on  2012-08-16   23:27:45 ET  Reply   Trace   Private Reply  

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