Originally Posted by donkhater
After reading through the thread, I think the biggest poit has been missed:
If loopholes like this are disgusting, then why did our representatives agree with them?
You can demonize the wealthy all you like. In the end, even if the rich offered inticements for loopholes like this, our representatives, OUR GOVERMENT went along with it.
Yeah, politicians agree to these ideas because the originators of the ideas pay for their campaigns. The few who would do something about it won't last for long and are accused of being socialists anyway.
Do you think people who will raise taxes on cap gains and higher incomes are socialists? A lot of people do. The Tea Party, for example.