7 Reasons the Rich Don’t Pay Taxes
The ideas on which tax loopholes are based
Do you know the history of taxes? There was a time that there was no tax. But gradually, it became the norm. At first, taxes were imposed on people in times of war to aid the defence. But governments fell in love with the idea and made it permanent.
Taxes are not a bad thing. It is a token given to the government to run and organize society. It becomes a bad thing when those in government have selfish interests. However, taxes can become overbearing for the people.
Some believe that governments can afford to stop taking taxes. The idea is that they get to own all the natural resources discovered in a country. And they have the capacity to develop income-generating industries. But most countries can’t stop taking taxes because of their control of monetary policy.
Taxes have also been a tool to fool naive people. When governments want to raise taxes, they always begin by saying that the taxes are for the rich. Nobody ever admits that it is the poor and working-class that will pay it. So when this “tax the rich” idea is sold to the people, they support it. But when the legislation is being drafted, the rich use their connections to include some loopholes.
