A Nobel-prize winning economist says we shouldn't tax the wealthy because they'd find a way to dodge it

That's not the point, though. The VALID point is that if laws aren't being enforced, then you need to address THAT rather than passing more laws to be ignored.

The former fixes the problem. The latter actually makes it worse.

In all aspects of the law,, selective enforcement leads to corruption, but stiffer penalties without addressing that just leads to even worse corruption and creates a class of criminals who are above the law and use the selective enforcement to eliminate competition.

For instance, in this case, by raising the corporate tax rate, you're shifting even more burden to small businesses while destabilizing the playing field even further to favor companies with billion dollar profits who pay nothing.

While mega companies paid nothing last year, I paid over 30% on sub-poverty wages... and that's at the CURRENT corporate rates and self employment tax with ZERO state taxes. Raising the rate means I pay more, and Bezos still pays nothing.

If anything, the tax dodging super wealthy would live nothing more than to raise the tax rate to 100% since they're not going to pay it anyway, and it crushes any potential competitors ensuring they never actually have to compete in a free market.

Ignoring this and raising rates is objectively bad not only for small businesses and the economy, but for income inequality.

Saying we'll magically close those loopholes along with the new rates is a lie we've been hearing for generations, and it keeps getting worse.

Fix the loopholes FIRST.

THEN we can have a real conversation about rates that doesn't just favor the ultra wealthy tax dodgers even more under the guise of good intentions.

/r/politics Thread Parent Link - businessinsider.com