One of the general complaints of the occupy movement is that taxes are not progressive enough. Maybe they have a point. One major reason for inequity is the payroll tax that the U.S. uses to support social security. There is no doubt that payroll taxes are regressive. Poor income-earners tend to pay a larger percentage […]
I think we should abolish property taxes. Completely. Not just reduce them or reform them, but consign the accursed system to the black hole of history.
In order for that proposal to be taken seriously, we have to find a different way to financially support local governments. I would like to describe one.
I don’t […]