3 ms·

In the us that's going to effect the middle class more - but maybe moving to a position where most people are on PAYE makes sense longer term.

• munk-a 8y ago
  I disagree, the middle class has slowly been squeezed out of most of their tax exemptions, the ones that remain are regressive and provide more tax relief to the wealthy. It's complex enough that it's probably best to wipe the slate clean and start over.
  • hnmonkey 8y ago
    Or... you tax people that are rich more and it seems to solve your problem. Wiping the slate clean and starting tax law from scratch is not going to happen. It would cripple the economy and would affect every business and many people.
    • munk-a 8y ago
      You have a point, it would be disruptive. I believe it's the right move for the long term but there may be a better way to approach introducing it - suddenly cutting out any deductions for charitable giving would likely bankrupt those charities before government subsidization or non-tax deductible giving could pick up the slack, for instance.
      • hnmonkey 8y ago
        Agreed, it would have to be phased in/out over time in a very smart way to not crush businesses and accountants. Doable perhaps over a long span of time if everyone agrees to it but man would it be a longshot. I'd imagine it would still have devastating second and third order consequences that aren't apparent until it's too late.