Good point....which is why tax should be based on net worth. I pay no taxes at all on my muni bonds income. Rich people have 1000 times more such channels available than me.
“which is why tax should be based on net worth”
This would lead to government gradually eliminating wealth. Obama is starting that now, by making housing worthless, or so underwater it can’t be used as “wealth”.
I think that manufacturing is the best way to get income, and I include mining in that. Along with greatly curtailed spending. How much does one Auntie Zetuni cost, and how many are there? Do we still allow noncitizen parents of naturalized citizens to get medicare and Soshakurity? Do we still allow naturalized citizens to get soshakurity benefits after working less than natural born citizens?
Then, mine manganese nodules from the sea floor, and open up our mines, the ones that foreign-aided environmentalists have shut down (like our rare earth mines).