I got to thinking the other day about the complexity of our tax code, and regulations in general. It's easy to make the argument that it stifles money that would otherwise be spent on innovation and/or R&D and instead has to go to pay experts on compliance. Additionally, the complexity and cost of compliance creates barriers to entry into a lot of industries
On the other hand, there are huge industries who make a great deal of money on filling out other peoples taxes and being up to date on regulations affecting a business. Entire market segments now exist to facilitate this complexity.
So what say you, does the jobs and industries created by this complexity outweigh the costs of compliance?