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RE: In Defense of Taxation

in #philosophy7 years ago

Thanks.

I agree on spending, more or less. As I mentioned, everyone has spending cuts they'd like to see. The problem in a democracy (or more accurately, a republic) is agreeing on them. Although I suppose you can find agreement even then in government waste. No one wants to see their tax dollars go nowhere.

My next article, as I mentioned, will be on complex tax codes. I don't know if I can defend the entirety of the current US tax code with a straight face, but I can at least argue any fair tax code is inevitably complex. (Unless we're talking FairTax, but I don't have the chops to talk about that.)

I have some hope that the GOP/Trump tax reform (if it actually happens) will reduce some complexity, and hopefully make life easier for businesses. For example, I'd personally love full expensing, and treating capital gains as normal income (but deducting half) would make the math much simpler. Although most people probably just use tax software at this point.

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