Chapter

Introduction Time for a Change

in Fair Not Flat

Published by University of Chicago Press

Published in print April 2002 | ISBN: 9780226555607
Published online March 2013 | e-ISBN: 9780226555669 | DOI: http://dx.doi.org/10.7208/chicago/9780226555669.003.0001
Introduction Time for a Change

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This chapter opens up with two facts about America. The tax system is a disgrace, and has been so for decades. There is a widening gap between the rich and the not-rich. Tax as it is today is a cause of the wealth gap. Tax as it could be tomorrow would narrow it. Tax today is fundamentally set against work and savings: it makes it hard for people to build up wealth in the first place. The American tax system, including all federal, state, and local taxes, is huge. It takes in over one-third of all dollars produced each year. Wealthy people and their well-paid tax advisors are even less help. These fortunate few are doing just fine under the status quo. Republicans aim to cut taxes for the wealthiest few, helping the rich to get richer. Democrats aim to do as little about taxes as possible, preferring continued spending programs and minor complicating changes to fundamental reform. This chapter aims to change the inconsistent income tax to a consistent spending tax by granting an unlimited deduction for savings and making other logical corrections.

Keywords: tax; republicans; American tax system; democrats; reform

Chapter.  2735 words. 

Subjects: Political Economy

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