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Tax reforms to tweak economic growth isn’t really the same thing as using loopholes in tax rules to avoid paying tax. One serves to better the country by adapt
by pushpop 8y ago
Tax reforms to tweak economic growth isn’t really the same thing as using loopholes in tax rules to avoid paying tax.
One serves to better the country by adapting to a changing economy, while the other serves a self interest and takes money out of the economy.
However if you’re talking about tax reforms lead by corrupt politicians and lobbyists - then that’s a different matter. But I’d argue that was another tangent entirely.
- appleiigs 8y agoTaxes or loop holes don't take money out of the economy. It just changes who directs the money, either the government or the individual. (Don't need to get into which is better here)
- pushpop 8y agoWhen you look at the bigger picture financials it does take money out of the economy because money invested in public services drives more jobs. Money hoarded by an individual only creates wealth for that individual. Sure they might reinvest that wealth but often not in a way that directly nor indirectly grows the economy - or at least not in worthwhile way for those who it matters the most to. This is part of the reason (albeit just a small part) why the rich and poor divide grows wider year on year. If it were as simple as you described, that wouldn’t happen.
- appleiigs 8y agoNo, you have a lot of pop culture myths in your comment that are just not correct.
- pushpop 8y agoIf that were the case you’d have easily disproved them instead of making meta comments
- appleiigs 8y agoI’m not going to write a econ 101 textbook for you.
- deleted 8y ago[deleted]
- pushpop 8y agoIf the only type of comment you can muster is ad hominem attacks and posts telling me how you can’t be bothered to post then I can only assume that the real reason you’ve not offered anything more persuasive is because your don’t understand the topic enough to actually discuss like a mature adult.