I would like to see sales tax abolished or vastly reduced as it's one of our most regressive taxes. Maybe leave in place sales taxes on luxury items and "vice" taxes (though those make me twitch severely).
However, I don't think reform of the tax system would address the core problem here, for which I don't see an easy solution. I might support something like an "education" tax that would be used to fund making student loans interest-free and forgiveness of current loan debt. That would be essentially shuffling money around the Federal books since a huge amount of student loan interest goes to the government anyway, so net revenue impact would be small. And debt relief would potentially do a lot to lift people into more middle-class status. It wouldn't address the issues of the ultra-wealthy escaping the consequences of their acts, though. That would require things like actually going after the perpetrators of mortgage fraud, prosecuting rich white folk who rape, etc.
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timeasmymeasure
no subject
Date: 2014-05-06 02:42 pm (UTC)However, I don't think reform of the tax system would address the core problem here, for which I don't see an easy solution. I might support something like an "education" tax that would be used to fund making student loans interest-free and forgiveness of current loan debt. That would be essentially shuffling money around the Federal books since a huge amount of student loan interest goes to the government anyway, so net revenue impact would be small. And debt relief would potentially do a lot to lift people into more middle-class status. It wouldn't address the issues of the ultra-wealthy escaping the consequences of their acts, though. That would require things like actually going after the perpetrators of mortgage fraud, prosecuting rich white folk who rape, etc.