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As others have pointed out, the US has completely shot itself in the foot. Large corporations and their biggest shareholders have been systematically moving the
by Traster 5y ago
As others have pointed out, the US has completely shot itself in the foot. Large corporations and their biggest shareholders have been systematically moving themselves out of the tax base. So now when the US tries to use the tax code to encourage certain industries and behaviours, but everyone points out that the tax code doesn't exist for the companies they're trying to have leverage over.
So what's left? Move the rich back into the tax system? You can't, the money you let them keep turns out to be a pretty effective tool for preventing that. Or the next natural step, take money from that schmuck working a 60 hour week in starbucks and hand it over to the world's most profitable companies so they fulfill some ill thought out requirements.
- wizzwizz4 5y ago> So what's left? Move the rich back into the tax system? You can't, the money you let them keep turns out to be a pretty effective tool for preventing that. Or just fund the tax collectors, so they can go after the bigguns in court. The richest usually wins a legal fight.
- Justin304 5y ago...The lawyers always win in a legal fight.