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What to do with tax revenue
In two previous articles, I illustrated in a very basic way how we can make income tax both fair and effective. While admittedly too basic to be effective legislation, the tweaks necessary are small, probably with wider gaps at the lower end and narrower at the upper end. I’d also probably want a higher cap than 75% for those making obscene amounts of money, but the way I presented it was workable and easily understood.
But a fair tax scheme is only one piece of the puzzle. The amount of revenue gathered means literally nothing if it’s not being used to help the people. Currently, most of the governmental spending on income tax tends to benefit a very small group, leaving scraps for the rest of us. As recently starkly illustrated by ProPublica, the group that derives the greatest benefits pays the least tax. That in itself would be ok, but not when it’s people who literally have more money than some nations. They don’t need such advantages, and the fact that they work so hard to get those advantages speaks more to unconscionable greed than any real need.
So, how would we make things more equitable?
There are multiple areas where it could be ‘reformed’ within existing laws, programs, and tax codes. I think this is the wrong approach. I say this because the system is wrong. It is not…
