Friday, December 28, 2012

Labor Burden

Looking For Something to Reform?

 ~ I'd rather see us (temporarily) go over the so-called (and inaptly named) fiscal cliff than "reform" the core programs of the social safety net.

However, if we do end up reforming them, we should start by removing the arbitrary threshold above which earnings are not taxed. This is indefensible as sensible from either a fiscal or social standpoint:

NYT interactive charts of tax burdens 1980-2010

There's lots else that could be done too, especially more equal taxation of labor and capital, but removing special treatment that benefits only the wealthy is really a no-brainer.

No comments:

Post a Comment