My Radical Agenda

[rono_60103]

For a moment, let’s pretend that I’m somehow made, simultaneously, into both the President and the entirety of congress, here are some of the radical ideas I’d have - which probably go to show how far reality has pushed me from my former libertarian-ish views.

1. Progressive tax reform - reinstate the higher tax brackets starting at either $1,000,000.

Comments

[kevin_standlee]

All of those sound good to me. I'd suggest that you should have more progressive rates at both $1m and $10m. I don't want confiscatory 98% rates, but the structure we have now is too flat. Most of the people who are proponents of flat taxes haven't a clue about how progressive tax rates work.

My grandparents' generation through the government taxed themselves more and spent more (inflation-adjusted) on public infrastructure. Not for nothing were they the "greatest generation." I really feel like I've been living through a Going Out of Business Sale for the Baby Boom, as they foolishly fritter away the inheritance from their parents and say, "Who cares about tomorrow? I won't be here so it doesn't matter."

[matrixmann]

I don't know if this currently already is so, but - suggesting, for gathering taxes put in the calculation "Everyone who has citizenship of the United States has to pay taxes to the Unites States, regardless of where he lives in the world or where his business is. For businesses: Every business that has a division operating in the United States must pay its taxes for this division to United States, regardless of where its mother enterprise originates from and where it pays its taxes otherwise. Enterprises operating in the United States and making profit out of the means of the United States (goods, resources, customers, workers, etc.) must return something of these means in order to keep these means running