• alvvayson@lemmy.world
    link
    fedilink
    English
    arrow-up
    14
    ·
    1 year ago

    Is there a difference?

    Closing loopholes = taxing the rich

    If the tax code lost all the loopholes, there probably would be no billionaires.

      • alvvayson@lemmy.world
        link
        fedilink
        English
        arrow-up
        4
        ·
        1 year ago

        Closing the loopholes is the same thing as increasing the taxes on the rich.

        Just try it and they will find a sad story of some business owner losing the family business because the loophole “serves a vital purpose” and then congress will rush to hell save those family farms.

        That’s the reason no loopholes ever get closed.

        This movie has been on repeat for decades.

        The only way to really solve it is a smarter divide and conquer approach. Separate, stricter rules for the billionaire class that only apply to them.

        That way the small business owners stay out of range and have no incentive to help change the narrative.