12-01-2020, 01:21 AM
I don't disagree at all, LP.
What is 500 lawyers at the bottom of the ocean? A good start.
Unfortunately there is a large group of people that look for loopholes - work legally, rather than morally/ethically/humanely. While intention of the law needs to be taken into account, it often doesn't appear to.
I often talk about the tax act (exciting, hey). When it was originally written in the 1920s, it wouldn't have been a very big document. Over time, where people have found ways and means to legally reduce their tax (against intention of the Act), the Act has been amended. It is now a massive document and there is a lot of work for tax lawyers and tax accountants. Legal? Yes. Moral/ethical? questionable. I stopped working in tax over 20 years ago. I paid more tax on $44k than a client who 'earned' $800k+.
What is 500 lawyers at the bottom of the ocean? A good start.
Unfortunately there is a large group of people that look for loopholes - work legally, rather than morally/ethically/humanely. While intention of the law needs to be taken into account, it often doesn't appear to.
I often talk about the tax act (exciting, hey). When it was originally written in the 1920s, it wouldn't have been a very big document. Over time, where people have found ways and means to legally reduce their tax (against intention of the Act), the Act has been amended. It is now a massive document and there is a lot of work for tax lawyers and tax accountants. Legal? Yes. Moral/ethical? questionable. I stopped working in tax over 20 years ago. I paid more tax on $44k than a client who 'earned' $800k+.