Monday, March 07, 2005

Taxes: hiding the goodies for the wealthy

Some years ago I wrote an op-ed piece for our local paper where I suggested that we divide up our current tax system into two separate systems: one a tax system, and the other called the "Office of Giving Money Away."

The tax form would be three lines with no deductions or credits for having children, owning a home, paying alimony, and so forth.

And people who wanted money for having 10 children, owning a palace with a million dollar mortgage, or paying $100,000 a year in alimony, would apply for government money and receive a check.

The idea was obviously for fun, but the object lesson is real: how long do you think the current tax system would last if average people realized that renters get nothing, homeowners with mortgages of less than $100,000 might save a few hundred bucks, and people with $10 million homes save tens of thousands on their taxes?

If the government wrote wealthy people a check for $50,000 every year and gave nothing to poor renters, the system would collapse overnight. Instead, the current system festers on because the grossly unfair disparities are effectively hidden from view.


Blogger Mike said...

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4:38 PM  

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