Keeping what you create is never to be considered a subsidy or break. JMHO.
“ The failure to tax Exxon more does not increase your payment to the IRS by one red cent.”
Something liberals can not comprehend, unless they are the propagandist for the “useful idiots”.
I get the point of the article, and while it is good it only highlights some of the stupidity of the tax code, such that it is not constructed primarily anymore to “raise revenue” but just to punish - take away tax benefits, or reward - give tax advantages, to different taxpayers.
If we could describe the tax code in moral terms, it’s an abomination.
It is also destructive to a well running economy because from stem to stern it diverts financial decision making away from genuinely natural financial decisions into which decisions have the best tax benefits.
The totally best tax code, morally for the people and financially for the economy would be a totally universal flat tax, assessed on everyone, with no deductions, exemptions, exclusions or credits. Just a simple flat tax everyone pays, and that’s it; nothing to figure out besides multiplying the flat tax rate against income/revenue and paying the resulting tax amount. Fin.
Then, people and companies will make natural financial decisions because they are what they think are the best financial decisions and not because there is any greater or lesser tax benefit one way or the other. The economy will be relieved of all the unproductive decisions created by the tax code.