Immanuel
Gold Member
- May 15, 2007
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Tax loopholes do cost billions.
Know why they are there? Know why they never go away? Because politicians wield power. Congress wields power. Lobbyists come to Congress asking for favors and donating large sums for receiving those favors.
We're not going to change that unless we fundamentally change the way our government works. There will never be a flat tax because instituting a flat tax will remove that power that Congress now wields... the power to sell tax "loopholes". The Fair Tax will never be adopted because if it were, Congress would lose the ability to sell tax "loopholes".
Loopholes are an advantage of being rich and we poor suckers are just going to have to live with it.
Immie
Or here's an idea. Perhaps it is fair that those that shoulder the greater portion of the tax burden should have the greater say in how the tax code works.
I'm not quite sure where you are going with this, but if it is the direction I think it is, I think you are confused about the tone of my post. Unless, of course, you are actually defending the progressive tax code that we now have that has actually failed and defending Congress' right to remain corrupt by selling its power to the highest bidder.
Immie