Han wrote:

I agree to the extent that the debt has to be paid. But it is almost
useless to pay on the debt without reining in spending.

Or enhancing revenues. Why should big corporations be able to post
enormous profits and pay no income taxes? Etc, etc. For one thing,
hiding moneys overseas should be abolished. I had to pay tax on
overseas moneys, so why shouldn't "they"?


Tax "breaks," "loopholes," and the like are generally exceptions built into
the tax code to foster some social goal. Things like "enterprise zones,"
subsidies, deductions for green energy are some examples. If, as a result of
these considerations, a company ends up paying NO taxes, then shouldn't the
company be applauded and held up for praise because it aggressively pursuing
these social goals?

Consider: The companies didn't MAKE the rules, they shouldn't be criticized
for playing by them. Conversely, as I said, these companies should be
acclaimed. Applauded. Feted with government appointments (as the president
of GE).

The fact that you had to pay tax on overseas funds is totally due to your
own ignorance.

(Hint: There is no reporting requirement on overseas INSURANCE policies.
There are companies that will take your cash and issue you an annuity policy
in which you can direct the investments and reverse at any time. Totally
non-reportable. Or taxable.)