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You could stop all of this at Step 1 by just having a flat tax. On everything. The loopholes only exist due to the unnecessary complexity of tax laws. Preferen
by pembrook 3y ago
You could stop all of this at Step 1 by just having a flat tax. On everything. The loopholes only exist due to the unnecessary complexity of tax laws.
Preferential treatment for investments over labor? No. Preferential treatment for real estate? No. Preferential treatment for corporations over people? No. Preferential treatment for 3-legged nymphs who live in a flood zone? No. …Etc.
Then the market would be free to allocate human efforts to those which provide the most value.
The amount of human productivity wasted over this topic is insane. Millions of people devoted to creating complex riddles and then disentangling and/or manipulating those riddles—-with zero proof there’s any beneficial outcome from said complexity.