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"You don't like the loopholes? Close them." The problem is the loopholes extend way beyond the tax code into the election system, specifically campaign finance
by georgemcbay 11y ago
"You don't like the loopholes? Close them."
The problem is the loopholes extend way beyond the tax code into the election system, specifically campaign finance and things like the Citizen's United ruling and into things like the weakening of the media ownership rules which bring us a level deeper into the morass with a largely uninformed (and often just plain scared) electorate. Thus we have mostly shitty bought-off politicians (on both sides) representing "us", but mostly really representing their donors who are big business.
The current system is unfair by design, as much as big corporations complain about it these issues (like taxes too high, but with plenty of loop-holes) serve as a giant moat for them to avoid the establishment of any serious competition because you have to hit a certain scale before you start to worry about things like how to hide tens of billions of dollars offshore.
We are honestly probably way beyond really fixing this stuff at this point, no matter how easy it is to say "Well just fix it" or "just close the loopholes".
America's entire large-corporation/government system needs something like a defrag and full reinstall, but there's basically no way to do that while keeping things running.
- ageek123 11y agoTax loopholes existed long before Citizens United and the end of the Fairness Doctrine. In fact there were more tax loopholes in the 1970s and 1980s than today.
- hwstar 11y agoAgreed. As long as private money does the nominating of our political candidates, then the piper (loopholes) will need to be paid. If we were to switch to government funded elections, then there would be no pressure on the legislature to return the favour once they are elected. The only snag I see with publically funded campaigns is determining who qualifies for the public funding.