Samuelson: The trouble with Hillary Clinton’s profit-sharing plan

Hillary Clinton has just given us an object lesson — presumably unintended — demonstrating why our tax system is such a complex mess. The main reason is this: Politicians of both parties cannot resist the temptation to use the tax code to promote the latest political fad or to please favored constituencies. As a result, tax breaks (a.k.a. “incentives,” loopholes” and “preferences”) complicate and clutter the tax code. Political merchandising overwhelms...

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