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@kimjongl | 1 October 20 | |
The loopholes in tax law are the tax laws themselves. When people who complain about companies using 'loopholes' to not pay their 'fair share' what they're saying is that companies are legally using the deductions available to them in law to reduce their taxable income. Are they suggesting companies shouldn't do this and voluntarily pay more? Or are they suggesting the tax law be amended to reduce available deductions, which raises more questions when you get into the specifics. This is what snake oil salesmen like Bernie rely on, the ignorance of his base who are only concerned about moralizing about highly technical policies like tax policy and who probably don't even know how basic tax brackets work. Hence the meaningless 'tax the rich' mantra. |
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@speedracer22 | 1 October 20 | |
Yeah, I see your point. I'm not familiar with tax law myself or the specifics underlying it; but the entire 'tax the rich' mantra and demonizing billionares does seem off to me too. |
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@kimjongl | 1 October 20 | |
It's not even about sticking up for them, they certainly don't need anyone to do that for. It's the pure stupidity of the argument. When you get into the specifics of what tax rate you want them to pay and on what basis it still is a drop in the ocean compared to the cost of social programs leftists want. What they won't admit is that it's the middle class who always have and always will bear the cost of any increase in tax rates. |
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@eyesore | 1 October 20 | |
@ obi_jon - 1.10.20 - 06:47am There was an article in the newspapers a few days ago about Jeff Bezos which claimed he could afford to give every single one of Amazon's 875,000 employees a 100,000 bonus and he would still be richer than he was before the pandemic started. How dare anyone earn more than you |
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@eyesore | 1 October 20 | |
Politics of envy just bore the f.uck out of me
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@3mel | 1 October 20 | |
@ kimjongl - 1.10.20 - 10:07am The loopholes in tax law are the tax laws themselves. When people who complain about companies using 'loopholes' to not pay their 'fair share' what they're saying is that companies are legally using the deductions available to them in law to reduce their taxable income. Are they suggesting companies shouldn't do this and voluntarily pay more? Or are they suggesting the tax law be amended to reduce available deductions, which raises more questions when you get into the specifics. This is what snake oil salesmen like Bernie rely on, the ignorance of his base who are only concerned about moralizing about highly technical policies like tax policy and who probably don't even know how basic tax brackets work. Hence the meaningless 'tax the rich' mantra. if were only as straight forward as that the EU wouldn't have stepped in to examine the tax practices of google and apple, amazon's tax contributions wouldn't have been raised in our parliament and criticised by all party committees. |
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@kimjongl | 1 October 20 | |
Politicians who don't understand how taxes work and who also moralize about tax in order to dupe their voters isn't anything new. These are the same legislatures who write the same tax laws. The EU can examine whatever they want and parliamentary committees can bleat all they want into the wind, if those companies haven't broken the law and simply avoided tax there's nothing they can do other than amend the law and get specific about what they want to change, not just say 'tax the billionaires' to appease their ignorant base. |
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@dan27notts | 1 October 20 | |
@ obi_jon - 1.10.20 - 06:47am There was an article in the newspapers a few days ago about Jeff Bezos which claimed he could afford to give every single one of Amazon's 875,000 employees a 100,000 bonus and he would still be richer than he was before the pandemic started. No he couldn't because he doesn't have 85,700,000,000 in spare cash |
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@kimjongl | 1 October 20 | |
Even if he did why should he just give it away. This is the problem with outcomes based ideology. It panders to feel good virtue signaling instead of working to create long term value.
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@mikeymk | 1 October 20 | |
He wouldn't employ 875,000 people if he was the type to just throw money away - or if the authoritarian left would've been in a position to restrict his success in the first place.
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