Quote:
Originally Posted by Michael
I am willing to consider whether the current progressively graduated tax system is fair or not, but it really denotes preferential treatment to have a Super Rich class developing with tax cuts, tax loopholes and offshore banking. Many of the same people are involved in outsourcing jobs to other countries, so why don't we call it for what it is, economic treason against America.
It isn't trickle down, it is a trickle out economy where the cash flow ends up in the Cayman Islands.
The IRS has my mother on quarterly payments and has her under close scrutiny. Because she has wisely saved money over her 92 years, she is now paying more than some of our super rich billionaires. And when it comes to the IRS taking action, who do they want to go up against, an elderly woman without legal real advice or a billionaire with a team of (sociopath) lawyers?
Bottom line = the IRS has known about offshore banking and who has been involved since 2002 and still is not auditting the billionaires and busting them.
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They are saving and investing overseas because we punish them here. We change that and not only will that money come back, people from other countries will put there money here.
Instead of economic treason and paying more money to punish them, why don't we fix the core problem. We throw out the tax code, which is full of special interests and influences such evasion, and replace it with something to actually simulate the economy, jobs, and reduce tax evasion.