BY JOHN FEEHERY
DEC 29 | Reprinted from TheFeeheryTheory.com
In a properly functioning democracy, politicians would work extra hard to make certain that the very, very wealthy would pay an appropriate amount of taxes.
In a dysfunctional political system, where the exceedingly wealthy (and by exceedingly wealthy, I mean billionaires and multi-millionaires), have an outsized access to the political class, closing down the tax loopholes seems to be damn near impossible.
The New York Times just published an expose about how the super-wealthy avoid paying taxes. “With inequality at its highest levels in nearly a century and public debate rising over whether the government should respond to it through higher taxes on the wealthy, the very richest Americans have financed a sophisticated and astonishingly effective apparatus for shielding Continue reading