Why doesn't someone start a company to democratize tax loopholes?

31 points

10 years ago

For those of you who work in financial technology -- what's to stop a company from amassing money from a lot of people who wouldn't normally be able to afford the kinds of tax benefits available to the wealthy[1], and then using that money to do the same kinds of tax-dodging maneuvers, returning the tax savings to the users?

I know very little about tax law or the technology that would be involved in doing this, but it seems like it's worth a shot. If the wealthiest people in this country don't pay their taxes, why the hell should I?

[1] http://www.nytimes.com/2015/12/30/business/economy/for-the-wealthiest-private-tax-system-saves-them-billions.html?src=longreads&_r=0

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