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Originally Posted by Mathgod
1) In your opinion what, if anything, should be done about it?
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A bit of a detour first. Income is income. No differentiation between investment income and income from a salary. Everybody gets taxed the same regardless of where the money came from.
On commercial real estate, again, the same rules should apply to real estate. I should be able to have access to the same loopholes for my real estate holding, or there should be no loopholes at all. Even the playing field. That should be the mandate for all tax programs. A billionaire should not have access to different rules.
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2) Will the corporate oligarchy make it impossible for government to do anything about it?
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Yes. They pay for those who make the rules. Until money is removed from politics all laws will be spun to benefit the rich over the poor.