
I feel like if we had spent the money lost to tax cuts on enforcing existing laws, like really throw the book at tax cheats, like put them in orange jumpsuits and make them rot in a cell, we’d have had better outcomes.
The ultra rich should be afraid.
There is truth here.
I think rich people will have assets, like stock, and they’ll get a loan out with the stock as collateral. They pay like 2% on the loan, but they get like a million dollars cash. If that was treated like income, they’d pay a lot more taxes.
Not sure the best way to address this, but it should be addressed.