Quote:
Originally Posted by Leondros
The answer should be higher taxation... but no one has the balls to implement that correctly.
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Taxing higher during a recession is a pretty awful idea.
I would agree that tax reform is necessary though. The fact you have you have so many people in the USA earning 7 figures plus and paying effective tax rates in the 25% or, even sometimes sub 20%, range is absurd.
Perhaps redistribution. Fewer taxes for the middle class and more effective taxing of the upper class. As it stands, under the current system most higher end earners will simply avoid any new taxes and middle and upper middle class wage earners will bear the brunt of them, only adding to recession.