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What about closing the loopholes? They're known for decades, why not stamp down, with teeth, on this sort of thing?
by andrepd 7y ago
What about closing the loopholes? They're known for decades, why not stamp down, with teeth, on this sort of thing?
- seibelj 7y agoThere will always be loopholes. Any corporate tax rate above 0% will have carve outs for any number of industries that are favored for any number of reasons. If it was 0, huge swaths of busy-work jobs in law and tax industries would go away. They provide no value to society.
- andrepd 7y agoBut in a capitalist system, that which could be good is a problem. Now you have swathes of people who become unemployed. You now probably have to support them with welfare (and without corporate tax revenue to boot :)).