Re:Ikea founder leaves fortune to no one, structures it to e...
by jellicle on Friday February 02, 2018 @10:59AM
(#16291529)
The main connotation of "loophole" is that the result is accidental rather than intended, which is fictitious propaganda.
"It's just crazy, but somehow, accidentally, we passed this big tax law and hedge fund managers don't have to pay taxes! Oh well! I guess we can't ever fix it, either! Crazy accident!"
Re:Ikea founder leaves fortune to no one, structures it to e...
by anonacct37 on Friday February 02, 2018 @05:41PM
(#16294812)
Good point. People voluntarily parted with money to pay for the first.
The second company, well if you take a minute to read this article it explains the price society pays for the second policy: https://www.nytimes.com/2017/09/03/upshot/to-understand-risi...
I'm not really defending the first example, but america has a bit too much "privatize profits, externalize losses" for my taste. These policies do have impacts on the life of the median american.
But the former is not illegal while the latter most definitely is (unless it's your own software, etc.).
Loophole has negative connotations. But it really depends on many factors.
A prosperity gospel preacher buying a second LearJet tax free is not the same as a company hiring contractors to stay under 500 employees in order to retain some small-business benefit.