It would,
of course, be possible to reduce the deficit by eliminating medical care and pensions for the
elderly and disabled, while continuing to let multi-millionaires exploit loopholes in the tax
code to pay less taxes than many people working at minimum wage, but this is not only a bad
solution but a cruel and inhumane one.
A major way to reduce the deficit is
to look at tax breaks for corporations and the very rich as subsidies to the rich and
concentrate on eliminating them. Also, by allowing US companies to offshore financial activities
and reduce the taxes they pay, we are essentially subsidizing the export of...
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