In the USA this progressive taxation has become outdated and is woefully inadequate. Loopholes have been added right and left, and those at the very top escape anything that would resemble fair taxation. You, my friend, are the one who needs to educate yourself.
Marci, sorry - you are right. I misunderstood your earlier comment. Yes, we still have a progressive taxation system that has been completely loopholed (as you say) to make it ineffective to address all the social issues it was designed to tackle.
Part of the problem is the "taxation on income" loophole. Instead, it should be augmented with "taxation on wealth", "taxation on net worth", taxation on "usage/behaviors", etc.
In the USA this progressive taxation has become outdated and is woefully inadequate. Loopholes have been added right and left, and those at the very top escape anything that would resemble fair taxation. You, my friend, are the one who needs to educate yourself.
Marci, sorry - you are right. I misunderstood your earlier comment. Yes, we still have a progressive taxation system that has been completely loopholed (as you say) to make it ineffective to address all the social issues it was designed to tackle.
Part of the problem is the "taxation on income" loophole. Instead, it should be augmented with "taxation on wealth", "taxation on net worth", taxation on "usage/behaviors", etc.
No problem. We all have bad days.