Tax Code Changes: Wealth Transfer — Aggressively Progressive?

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 »

Posted by Kaizar Campwala

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Patricia L'Herrou
4.0
by Patricia L'Herrou - Apr. 16, 2009

a useful discussion of the pros and cons of whether or not taxes are the best means to address income inequalities. the sources are basically from congress and i'd like to have heard from tax economists. his point that the underlying causes of inequality are not addressed by taxes is appropriate, and should be addressed through other means by the government. he does not offer possibilities, such as the current unions bill, to address that situation.

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