This misses the point: 'loopholes' often require sacrificing optionality. Most "X billionaire paid Y in taxes" have to do with _deferred_ taxes or charity, whic

This misses the point: 'loopholes' often require sacrificing optionality. Most "X billionaire paid Y in taxes" have to do with _deferred_ taxes or charity, which can't exactly be spent on lamborghinis. There are definitely bad tactics and real loopholes, but this isn't the main problem. The real problems are more subtle and they require trade-offs. These problems won't be solved as long as the tax code remains as complex as it is. Massive tax regulation is a surprisingly recent invention.[1] [1] https://www.politifact.com/factchecks/2017/oct/17/roy-blunt/tax-code-so-long-nobodys-really-sure-its-length/ https://www.politifact.com/factchecks/2017/oct/17/roy-blunt/... EDIT: the parent author's very strongly worded statement isn't true. I'm trying to add clarity to a vague statement, not wage an ideological battle.