You underestimate the intentionality of the deduction scheme. The things which are incentivized by the tax code are purposeful. They have knock-on effects that aren’t anticipated, but that’s true of every policy.
Also, you significantly underestimate how difficult it is to specify all the important aspects of the tax code rigorously enough to be enforceable.
You underestimate the intentionality of the deduction scheme. The things which are incentivized by the tax code are purposeful. They have knock-on effects that aren’t anticipated, but that’s true of every policy.
Also, you significantly underestimate how difficult it is to specify all the important aspects of the tax code rigorously enough to be enforceable.