Tax Code Changes: Wealth Transfer — Aggressively Progressive?

Congressional Quarterly by Richard Rubin | Apr. 16, 2009 (News Analysis)

But trying to achieve fairness through the tax code is neither simple nor economically risk-free. The income tax is a crude, imperfect tool that doesn’t address the underlying causes of income disparity. Additionally, the tax system’s complexity as well as the wide regional differences in the cost of living make it difficult for lawmakers to effectively define rich and poor using a single national income standard. Full Story »

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Kristin Gorski
4.2
 by Kristin Gorski - Apr. 16, 2009

An in-depth, balanced look at the reasons behind and consequences of proposed tax code changes. A thoughtful analysis which leaves the reader better informed on the pros and cons of this very complex issue.

Political appeals to middle-class pocketbooks can be powerful, because voters realize direct benefits from taxing others and cutting taxes on themselves. The broad concept underlying a sharply progressive tax code also retains solid public support. In a Gallup Poll last October, 58 percent of respondents said they thought money and wealth were divided too unevenly, and 46 percent said they favored policies that would “redistribute wealth by heavy taxes on the rich.”

It seems there is wide public interest in this type of tax reform.

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