Two fundamental questions related to tax policy, just and opinion
This is just one old man's opinion, but you knew that.
Is it desirable through the tax structure to achieve something closer to income equality across all of Americans than we currently have? That is to say, simply enough, should we tax high income more than we do today. I am not advocating for confiscatory taxation, I'm just talking about a much more progressive system that goes much higher than todays in both terms of income brackets addressed and marginal rate charged.
The next question digs deeper, what about inherited wealth? Forget the wails about the Death Tax, let's focus for just a moment on if it is or is not a good idea for families to set up unbreachable empires? What should be returned to the state and in cases of huge fortunes just how do you liquidate assets and not disrupt the economy? Some personal fortunes are vast enough to do that.
And thats the real problem with the economy you know. The rich have all the money. Its us poor and middle class (pre-$250,000 income definition) people who do the spending, that keep the shops open, that buy the factories' produce, buy the services our neighbors provide who have none. And its not that the well has gone dry this is a matter of the pump being broken, there is plenty of money out there, its just not circulating. And I say if its not moving, Tax it. Pour those billions and billions of dollars back into the economy in its every facet. Fund the factories, fund the laboratories, fund the Arts, and most of all fund the students.
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