06 October 2010

A Fairer Tax System

The US should tax the wealthy more, according to Warren Buffett, the world's third richest man.

Existing tax revenues are insufficient to fund the programmes that Americans believe are right to have in the country.  More tax revenues are needed.

Furthermore, the US faces a soaring national debt.

Additional tax revenues have to come from somewhere.  If the government is not getting them from wealthy and ultra wealthy guys such as Mr Buffett, why should it get them from the guy who serves lunch to them?  It's not fair.

The US tax system should be reconfigured to make it fairer.

So too, should the tax systems of many other countries.

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