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.
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.