Many people object [to tax loopholes]. They stress the fact that most of the laws which aim at planning or at expropriation by means of progressive taxation have left some loopholes which offer to private enterprise a margin within which it can go on. That such loopholes still exist and that thanks to them this country is still a free country is certainly true. But this loopholes capitalism is not a lasting system. It is a respite. Powerful forces are at work to close these loopholes. From day to day the field in which private enterprise is free to operate is narrowed down.
Saturday, November 14, 2015
Ludwig von MIses vs Bernie Sanders on Loopholes
Here's Ludwig von Mises on loopholes:
at 9:56:00 PM