Moneytaxation

Wed May 14, 2014, 03:29 PM

A self-adjusting tax-rate

During the Obama/Romney race I noticed that Romney kept talking about tax *rates" instead of taxes. This made me realize that we never have meaningful discussions of taxes in politics or government. I propose a tax formula based on the Gini-efficient (or Hoover Index) such that as income inequality increases, the upper end tax rate rises automatically. This would provide a predictable tax rate structure that would automatically counter rising income inequality.

Thoughts?

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