Comments by "Doncarlo" (@doujinflip) on "The Tax System is Broken... in Just The Right Way" video.

Poorer earners are low hanging fruit, easy but don’t offer much revenue to be worth pursuing. Meanwhile elite executives and their beneficiaries can afford the small army of accountants to shield even greater amounts of what would be taxable if they were not so wealthy. So really squeezed in the middle are the aspirational middle class who would own a business (thus be a target for audits of claimed deductions), but not one large enough to staff their own dedicated legal department.
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If I had to overhaul the entire tax code, I’d start by mandating an election and an expiration date on all deductibles. That way every maybe 10 years or such, the arcane tricks the rich quietly utilize have to be brought into public discussion.
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11:15 Making government in general suck and then convincing Americans to vote for smaller government (whose diminished capabilities conveniently favors the already-rich) sounds like the Republican Party’s grand strategy.
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