An Innovative Way To Handle Government Funding And Ensure The Prosperity Of Our Society
Topics: taxes, middle class, government, politics, wealth, corporations, families, culture, society
In today’s society, middle class families are paying more in taxes than major corporations. The tax system provides enormous benefits and advantages to the wealthy, leaving the middle class to bear the tax burden.
Mitchell Roth says, “It is not fair that families are paying more of their income in income tax than large corporations. It is a matter of wealth that matters, not income. The wealthy manage to control their wealth to manage income. In essence the wealthy should be paying the same percentage of their wealth as we do.”
Roth’s anger and frustration over the present tax system led him to develop a taxation strategy that can be a catalyst to improvements in today’s society. The proposed tax plan would eliminate all taxes except taxes on wealth. All individuals and corporations would be taxed 2% annually on the wealth that they hold. This new plan would benefit society in five areas:
1. Fairness - The wealthy can afford lawyers and financial planners who manage their income. They control the amount of income reported for taxes, but wealth is not taken into consideration. The middle class cannot pay for financial planning, and as a result pay more in taxes than the wealthy. The wealthy would be required to pay the same percentage of their wealth as the lower income families.
2. Meritocracy - If we politically level the playing field, people will be assisted to rise or fall in life based upon their merit, rather than by accidents of birth or a rigged game benefitting the wealthy. This type of system would also benefit society by utilizing the natural gifts and talents of everyone. This ideal can be achieved by changing the tax system.
3. Moralities - In economic terms it means leveling the playing field for all citizens whether they are born in poverty or wealth. The overwhelming tax burden in this country and in every other country today is born by the middle class. They are struggling just to maintain, and are bitter about the struggle. This is a moral issue because people do not feel they have the resources to pay for what society needs through taxation.
4. Reduce the Costs of Government - Costs of all levels of government, federal, state and local, in this country in 2005 was 4.7 trillion dollars. A good deal of that cost was paid by government borrowing. Government figures do not focus on the wealth of citizens, only the income. In reality, there is 300 trillion dollars of wealth in this country. If 2% taxes were paid on that wealth, the government would be paid 6 trillion dollars in taxes every year, more than enough to pay all the costs of government without borrowing.
5. Assure Better Policy Decisions - Our representatives would be required to look at every program as one that had to paid for by tax revenue alone. If they couldn’t justify the program as worth the cost, then it wouldn’t be implemented. No more deficit spending would discourage the frivolous spending and bad policies of our legislators.
The cost of public financing for elections would be born by those with wealth, not through lobbyist and indirect contributions. Politicians would serve the public without fear of losing office because of inadequate campaign funds. Competition for votes would be on the basis of the ideas for the public good and not competition for contributions. Their effectiveness would depend upon their positions, rather than legalized bribery.
Changing the tax system along the lines outlined would improve the quality, character and wealth of society. It would reverse the effects of a system that favors wealth above all else, providing special powers and privileges to the wealthy at the expense of us all.
The fair tax premise would provide each generation a level playing field where everyone is counted. It would provide for excellence in public education, higher paid teachers, excellence in universal health care, and elimination of homelessness. It would be the beginning of realizing the ideals on which America was founded.
Dr. Proactive, Randy Gilbert enjoys producing the “Inside Wealth Success,” hosted by Jay Aaron, who presents his interview with Mitchell Roth based upon the tips from his book. Hear the entire inspirational interview for free by going to:
www.insidesuccessradio.com
Previous Articles Highlighter:
Innsbruck Gets Lift For 2008 (1)
Several airlines recently announced a plan to encourage more trips to ski resorts by opening up additional routes for travel. These fly passengers directly to the airports that are closest to several of the major skiing destinations for many individuals and families on holiday.
How To Turn Resistance Into Support For Lean Six Sigma (2)
Tony Jacowski is a quality analyst for The MBA Journal. Aveta Solution's Six Sigma Online ( www.sixsigmaonline.org ) offers online six sigma training and certification classes for lean six sigma, black belts, green belts, and yellow belts.
Big Ideas For Your Marketing Network (3)
You will not receive a fortune without putting forth a considerable amount of effort. Companies that empower a multi-level marketing strategy are slowly increasing in popularity. For these types of companies to work appropriately, there have to be the same number of employees selling the merchandise as there are bosses over seeing the production.
Process Ownership: A Vital Role In Six Sigma Success (4)
Topics: six sigma, DMAIC, process ownership, six sigma leadership, leadership, six sigma implementation, project Segregating a single process into two different tasks is necessary because both the tasks are quite different from each other.
DeVine Vacations: 'Sleeping With The Vine' And Other Unusual Wine Vacation Experiences (5)
Kick off the day with a breakfast of Brie-and-strawberry-stuffed French toast at a table overlooking the vineyards." Travel & Leisure magazine said it's "...one of the most tranquil spaces in the buzzing Napa Valley.
Online Booking Benefits Small Companies (6)
Using these companies can increase your power to bargain which again will save money. This is because you can get the best deals from hundreds of companies available to you all on one site.
How To Choose An Appropriate Radio Controlled Plane For A Beginning RC Enthusiast (7)
You will also want to have a plane that you are capable of using right away, or of putting together using the skills you have. If you don't rush into buying the first radio controlled plane you see, you will have a much better shot of having something you can use.
What Are The Elements You Must Have In Private Label Articles? (8)
The Important thing is that you have an article that has the keywords that are related to your site. For example, if you maintain a private label articles site, you must be able t have articles about the importance of private label articles, internet marketing tips and any topics covering internet marketing.
Selling Cosmetics And Other Beauty Products Part Time (9)
This level of confidence in the products they sell could make them change their game plan a bit, and add other people to their company that will make money selling cosmetics part time.
Text From PC To Cell Phone (10)
It is also taken care that the receiver never receives spam message or advertisement on the given number. So the next time you use online text services be certain that your message will be delivered in no time and as guaranteed absolutely free.
Newer Articles Highlighter:
The Galician Language - A Languages Of The World Primer (1)
Outside the Iberian peninsula, Galician also has significant lexical similarities with Italian, French and Romanian. Current status Galicia is recognised as one of the four official languages in Spain with joint official status in Galicia where it is widely used in political and cultural life.
Simple Internet Marketing Home Business Tips (2)
Promote a landing page or put a sign up form on every web page or blog page. Offer something of value in exchange for their name and email address.
Lead Multi Level Marketing Strategies (3)
It is very important that you are researching both the company and the idea that they are trying to promote. Next, after you have done your research and you have found that it might be a good idea for you after all, you want to focus on the other things that you can do to make sure that it is going to work well for you.
What You Should Know About Student Loans (4)
The loan note becomes due within six months of graduation or leaving school full-time. In order to file for these loans, you must fill out a Federal Application for Student Assistance.
The Basque Language - A Languages Of The World Primer (5)
It does not, however, have any official status in France and French linguistic policy historically has done little to encourage the use of anything but French. The language is thus not widely used north of the border, being particularly absent from political and cultural life.
Can All Metal Buildings Withstand An Earthquake? (6)
Thus, we are completely at nature's mercy to survive an earthquake, and buildings must be built to withstand an earthquake at any time. Much research and study has been devoted to learning which types of structures fare best in an earthquake.
Stand Out In The Nursing Job Market With A Compelling CV (7)
Given below are a few points that can help you make your resume stand out in the nursing job market. There are some points that are common to resumes, irrespective of the field or position applied for.
The Transition From A LPN To An RN (8)
Topics: Nursing School, Nursing Schools, Nursing Job, Nursing Jobs, Nursing Program, Nursing Career Nursing is a respected profession. Nurses have the opportunity to enjoy their work while caring for people as well as being patient, compassionate, honest and reliable and reassuring.
How To Become A Firefighter - Where To Find Firefighting Jobs (9)
The HR or Personnel office will then schedule and administer the testing. Contact each department individually. While you should be sure to contact your local HR or personnel department, you should also contact each fire department in your area individually as some of them may not use the city or county personnel department for testing.
What Is Factoring And How It Benefits Businesses (10)
However, you should note that factoring is suitable only if you have a minimum of 15 percent of gross margin on your sales and that the credit period offered to your customers is not very high.
Permalink to An Innovative Way To Handle Government Funding And Ensure The Prosperity Of Our Society