"HeyBub" wrote in
:

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.)

Now you give me that hint. Too late, it's almost all come here, paying
taxes on the capital gains due to changing exchange rates, and given to
the kids ...

--
Best regards
Han
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