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by anoncoder
3816 days ago
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It's tax policy, plain and simple. Stop paying taxes and you'll get richer, relative to those paying taxes. All the communication and technology changes have made it much easier to evade taxes. That and government complicity. For the last 40 years, we were promised a better living standard in exchange for lower taxes. It backfired. We forgot about the vice that has no bounds - greed. That's why we have to set limits. Paul alludes to the correct and only solution - make tax rates so high to discourage accumulating wealth beyond a certain point. It's a wave, but the wave has crested. Tax rates will rise, the loopholes will be removed, and the existing tax laws will start to get enforced. Too bad, it could have been different. |
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