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Old 01-31-2014, 03:59 AM
 
10,147 posts, read 15,008,367 times
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Originally Posted by RVAtoCNC View Post
You are correct - it may go much further than the guy in PA. It is likely he is a "pawn" per se of further parent corporations of which we have no knowledge. And yes, it's true that this corporate structure creates most of the employment in America which allows us "schmucks" to earn our bread. My point also, however, is that if you or I created havoc and massive damages through our negligence, we too would declare bankruptcy, and have the debt expunged - but our credit would be ruined, we couldn't get a mortgage, and would be turned down for many high paying jobs that require bonding of some sort. However, the very wealthy just "keep on truckin" Not saying we need to change the laws, they are what they are, but those of means always escape the disastrous consequences that the common folk would face. Upon further reflection, it is really the very rich, and the very poor who suffer no undo consequences from their actions. In America today, it is best to either be filthy rich...or dirt poor. The poor also face little consequence for their actions. Think about auto accidents - a welfare recipient without insurance can kill fathers, mothers, children, and they don't pay a lick - maybe a fine for not having insurance, which they don't pay. Think about retirement, nursing homes - the rich can pay it - no problem. The poor have Medicaid which foots the bills.. Us chumps who are in the middle class are the losers - we really are.
For once I am in total agreement with you. This same scenario that allows the super rich to control the economy and money supply and uses the middle class as pawns plays itself out over and over again in the political system. They have the money, and they intend to keep it. In fact, they intend to keep growing their percentage of it and since the poor don't have much they can get their hands on these days, they target the middle class. Everything is done with middle class money while they use the loopholes in the tax system to avoid taking any responsibility themselves. It doesn't matter which political party you are talking about either. They control both of them, and use them both to their advantage.
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Old 01-31-2014, 03:57 PM
 
79,908 posts, read 44,064,775 times
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There are no such things as tax "loopholes". When something happens that wasn't intended or forseen it could be a loophole. Anything that happens in the tax code is because someone intentionally put it there.

A bit of nit picking but I believe it's an important distinction.
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