1. Relative tax contributions as mapped against the accumulation of wealth (which only loosely equates to what we term ‘income’ in the tax sense), have become far more regressive over the past 30-40 years.
2. There is a fundamental problems with our tax system and it involves the definition of income. In a traditional economic sense, income is what an entity ‘makes’ each year, the difference in wealth year over year. We should stop playing games with what we classify as income, decrease loopholes, tax shelters, and crackdown on tax avoidance.
A fairer and less regressive tax system would be an economic stimulus to the country. Large corporations have become extremely sophisticated in the use of tax avoidance strategies. It is patriotic for these companies to pay taxes. No more ‘shirkers’. Poor people are not the issue.
