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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (69800)	3/31/2014 10:27:31 AM
From: LLCF	Read Replies (1) \| Respond to of 71588

It's a favorite term (looters) of sufferers of limbaugh syndrome. DAK

To: DuckTapeSunroof who wrote (69800)	4/1/2014 12:42:21 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Wonder if the term 'looters' encompasses big business Crony Capitalists benefiting from special tax loopholes inserted in the codes for their particular favor Certainly crony capitalists who get direct subsidies (including refundable tax credits) could reasonably be called looters. Tax deductions or credits (that are not refundable and do not result in a negative amount of tax due) present a slightly more complex point. Technically the government is still looting them since they are still paying money to the government. OTOH the economic incentives that such credits, deductions etc. create is pretty much the same as that created by direct subsidies, and going after them is definitely rent-seeking behavior resulting in corruption, economic distortion etc.