What do you think about Senator Bernie Sander's proposed bill on closing tax loopholes?

We lose $100 BILLION A YEAR to that loophole. Close it.

Tax law is overly complex. The current issue is if corporations make profits overseas they don't pay much in taxes until they bring the money back to the US. This incentivizes corporations with dreams of expansion to never bring the money back to be invested in the US that they make overseas.

On a grand scale you end up with a lot of capital that could be getting invested by corporations in the US that isn't. You also end up with a lot of tax revenue that could help with the budget shortfalls that isn't getting collected. I think a plan to slowly remove the distinction is a good one.

If taxes are flat regardless of where you make the money you no longer have incentive to perversely hold capital in strange locations. It would make more sense to put it towards the most profitable thing available to you at the time regardless of geography. The extra tax revenues could also be used to lower tax rates for smaller US only corporations and could help grow the economy.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

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