This is the biggest problem I have with billionaires. It's not that they avoid paying taxes, it's that they get laws specifically tailored to them and their business interests. The issue I have is that they are eroding our capitalism and our democracy because they have such undo influence. And they continually use that influence to gain more wealth while passing laws that make it easier to take and exploit from us for their benefit and we are all left holding the bags. The only socialism going on in America is corporate socialism. When we, as tax payers, have to bail out big banks because they make bad business decisions, when we subsidize Bezos's jaunt into space, we are not only letting these guys off the hook, but we are actually paying out more in taxes TO them, so that their businesses can be profitable. If your business plan banks on your employees being able to get government aid, you don't have a profitable business.
Oh I'm sure it's a lackey that does all of this, but it's not so much that I get annoyed that they use loop holes, but moreso that they are usually the ones advocating to congress to keep all their loopholes in place. I also get very annoyed when tax payers are expected to subsidize private business or private individuals (like Bezos in Space) but we don't get anything for it. We didn't get any stock for bailing out banks or helping billionaires get to space. These individuals and their companies are supposedly making money hand over fist. If that's true, then why is it that the taxpayer constantly has to bail out corporations? If these corporations are ducking out on taxes, should they get taxpayer funds? Why didn't we get anything from AIG for helping bail them out? Why don't we send WalMart the bill for the government aid that their employees are forced to accept because WM doesn't pay a living wage?
The problem I have with all of it is that these corporations and billionaires hire a bevy of lawyers and accountants to make sure they pay as little taxes as they can, and then turn around and ask for tax payer money constantly. They constantly whine that they should be where they are because of capitalism, but with their influence making laws, they push anti-competitive legislation to keep them where they are. I know that if I have never worked or only worked part time, I wouldn't be eligible for unemployment services, because I never paid into the system. We need to start demanding that they pay into the system if they want something out of it. And we should be getting financial assets from these corporations and people whenever we bail them out.
