← Back to context

Comment by paulryanrogers

7 months ago

Define "best strategies". Best for whom? The rich to further snowball their wealth at the expense of those they bowl over?

Well, to quote the Appellate Court Justice Learned Hand from the 1930s (at the time, he was often called the “10th Supreme Court justice”):

“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.” Gregory v. Helvering (2d Cir. 1934)

  • > Everyone does it, rich and poor alike and all do right

    'The law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread.' ― Anatole France