4 ms·
>All they are doing is arbitraging loopholes in the tax systems. Politicians have been trying to solve way too many problems by taxes (taxing differently x and
by crdoconnor 9y ago
>All they are doing is arbitraging loopholes in the tax systems. Politicians have been trying to solve way too many problems by taxes (taxing differently x and y) or giving tax gifts to donors and various organised interests. As a result it creates an arbitrage-able tax system.
The loopholes themselves are gifts to friends, lobbyists and donors.
>I wouldn't point your annoyance to those who are optimising their taxes (after all this is merely their fiduciary duties to their share holders) but to the designers of this tax system.
Why are you pretending that those optimizing their taxes are not furiously lobbying to keep them "optimized"?
>Create a flat tax and pretty much all tax avoidance schemes disappear.
The flat tax is possibly the most regressive tax system ever conceived. If you want to reward owning for a living and punish working for a living then it's almost the perfect tax.