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Nuclear Unicorn

(19,497 posts)

5. "Super rich people are able to funnel their money off shore, as are corporations"

Reply to Happyhippychick (Reply #1)

Wed Sep 18, 2013, 11:38 AM

Sep 2013

That's not a loophole, that's a fact of law. We can't force other nations to tax for us. "Hey, I need you to collect a half-trillion dollars from those guys and then give it over to us." is not a tax strategy. Even if these other nations collected the money (they won't, they make more money being a tax haven) they sure as heck wouldn't just hand it over like obedient simpletons.

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Congressional Spending is why the Debt Ceiling has to be raised. No other reason. [View all] riqster Sep 2013 OP

I would argue that the loopholes in the tax code are another reason Happyhippychick Sep 2013 #1

That is part of the same issue, and Congress's fault. riqster Sep 2013 #2

Yep. :) Happyhippychick Sep 2013 #3

Good point. kentuck Sep 2013 #4

"Super rich people are able to funnel their money off shore, as are corporations" Nuclear Unicorn Sep 2013 #5

It never even occurred to me that we should force other nations to tax for us. Happyhippychick Sep 2013 #8

I wouldn't say that was your intent and I understand your counterpoint Nuclear Unicorn Sep 2013 #9

Ah, got it. No apology necessary! :) Happyhippychick Sep 2013 #10

That's a feature of a bicameral system - it can get a deadlock muriel_volestrangler Sep 2013 #6

And they actually WILL "shoot the hostage". nt riqster Sep 2013 #7