Originally Posted by Direckshun
Please state your position on the loophole in the OP. Do you believe it should be stopped, or not?
My understanding of your position: it should not be stopped under our current tax system, but under your preferred tax system (a FAIR tax type arrangement), it would be stopped.
Nope. I don't believe that it should be stopped under our current tax system.
I favor a consumption tax as opposed to an income tax, although I understand that a consumption/income mix might be more effective. Either as a transitional stage or a final compromise.