The absolute and relative dysfunction of the U.S. tax system:
Forget Zimbabwe, U.S. Tax System Ranks At Bottom, Just Better Than Portugal http://t.co/87r8TAPtU8 as per Robert Wood
— U.S. Citizen Abroad (@USCitizenAbroad) September 16, 2014
U.S. Tax System Ranks 94th Out Of 100 — Right Below Zimbabwe http://t.co/q8FXRqTGJa the higher the number the worse the ranking!
— U.S. Citizen Abroad (@USCitizenAbroad) September 16, 2014
The absolute immorality of the way it treats U.S. citizens abroad
USG receives perfect score on tax immoriality index 4 stealing from disabled children's protected disability account http://t.co/7jMlaJ1MRk
— U.S. Citizen Abroad (@USCitizenAbroad) September 16, 2014
Who are the beneficiaries of the U.S. tax system and why it is difficult to change – A message from 1976
Milton Friedman: The imprediments to U.S. tax reform are Congress and the Compliance Condors https://t.co/5qJQ84VxNL – See 5:00 mark #PFIC
— U.S. Citizen Abroad (@USCitizenAbroad) September 15, 2014
I came across this by accident. It has been many years since I read Mr. Friedmans’s Free To Choose – but I remember it as one of the best economics books I have ever read.
The book was turned into a Television series. It can be watched here.
Professor Friedman was not well liked by those on the “left” of the political spectrum. Politics aside, I recommend this short video where he explains his views of “why tax reform is impossible”. Or to put it another way:
Who can possibly have a vested interest in retaining a tax system that is so inefficient, archaic and frankly stupid?
It’s Congress and the Compliance Condors Stupid!
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