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by GizmoSwan 1957 days ago
Billionaires can avoid paying taxes equal to what people make in life time. It is fraud.

Why should Bernie Madoff gone to jail then?! if some guy can steal a car then?

The scale matters.

2 comments

Bernie Madoff went to jail because he ripped off very rich people, and, even more importantly, humiliated and betrayed them.

I suspect, if the victims of his schemes had just been a bunch of plebes like us, then he would be sunning on the Riviera, right now.

Billionaire John Kapoor is in prison for another half decade for bribing doctors to prescribe opioids. Another example is the Jeff Skilling who went to prison for 15 years for ripping off customers, employees and shareholders, most of whom were not rich people. I don't think your narrative accurately reflects the facts.
> most of whom

It just takes one...

Have a great day!

> Why should Bernie Madoff gone to jail then?! if some guy can steal a car then?

Fraud and tax fraud are different crimes, and even if they were the same the number of counts in Madoff's case would be vastly different.

In other words, you're much better off committing tax fraud than running a Ponzi scheme targeting rich people. Plus, I suspect that if Madoff had walked he would have died shortly thereafter in some freak accident or an apparent suicide .