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Wednesday, December 28, 2016

Today in Portland

BusinessInsider.com
There wouldn't need to be a "policy" to tax CEOs who earn 100x that of their employees if the system worked the way it was supposed to work in the first place. I'm glad they're trying, but does anyone think this policy won't also have some crazy loophole?

These people say "loophole" like it's an Easter egg they happened across to level up in the game of life. Loopholes aren't GOOD things, you know. Loopholes are bad, and they are woven deliberately into the language when they write up the tax policy so that they can be exploited by the highest earners.

That happens, and we all let it. It's bullshit. There is plenty of money for feeding the hungry and sheltering the homeless. The system is set up so our combined pool of taxes lift the poor & unfortunate out of poverty as well as build our roads and schools. But the Romneys and Trumps of the world are gaming the system. Tax shelters are more important to these people than shelters for women and poor children. Until the same payroll tax that we all pay is applied to investment income above $250K, then the rest of us still don't have a fighting chance to get ahead here. But good try, Portland, I hope it works. I truly do. ∎