Re:As child care costs soar, more parents may have to exit t...
by r00fus on Thursday November 02, 2023 @01:37PM
(#38117213)
> So the state isn't getting tax income from these folks.
So perhaps resting our a bulk of taxation on income tax may not be a sustainable model. Especially when the corporate and high income wealth is so tax preferred (or evading taxes).
Refactoring our tax system to a less extraction model may be the better approach. Wealth taxes, financial transaction taxes, more effective property taxes (ie, land value tax) could result in a more livable country for the vast majority of people (numbers will go down a bit for the billionaires).
So perhaps resting our a bulk of taxation on income tax may not be a sustainable model. Especially when the corporate and high income wealth is so tax preferred (or evading taxes).
Refactoring our tax system to a less extraction model may be the better approach. Wealth taxes, financial transaction taxes, more effective property taxes (ie, land value tax) could result in a more livable country for the vast majority of people (numbers will go down a bit for the billionaires).