A Few Thoughts on Taxes

A Few Thoughts on Taxes January 12, 2008

Taxes.In the history of humanity, taxes have always been a despised necessity for the continued existence of the state. Without taxes, a country cannot be run. There will be no utopian country where taxes are non-existent. They are with us until the end of the world. This does not mean, however, their collection and use cannot be improved upon.

In Indiana, and in several other states of the nation, taxes have slowly begun to be collected, not for functions of the state such as road repair, but for the sole benefit of selective businesses which have no business being subsidized, i.e., the Indianapolis Colts. Businesses which have a huge profit margin are being given tax money so that they will not have any pesky bills eating away at their money. Of course, to do this, taxes have to be collected and recollected, and new ways of masking taxes have to be invented so that the average person does not see how much of a burden the taxes have become.

In Indianapolis, people are not happy. Slowly, a revolt has been building to the current tax system. The surprising election of Greg Ballard as mayor was, in part, a result of this revolt. The citizens of Indianapolis are furious with the unjust tax burden being placed upon them for the benefit of a few, greedy rich entrepreneurs. Now they aim to change the governorship in Indiana. They are starting to have rallies, such as the one seen in this news report*, trying to get the message out now so that they can help wage an effective campaign against the current Indiana tax system.

Now, I am not an economist. Some ways people suggest the tax system should be reworked, however, I am not for – such as a simple flat income tax, or a flat consumption tax. Now the rest of my ideas probably are crazy. I think an increasingly high tax rate for all income made in excess of 200,000 (per individual) should be put into place; the first $200,000 should either not be taxed, or if it is, it should be taxed at a very nominal rate. I also think that businesses, instead of receiving tax benefits, should have to hold more of the tax burden. Moreover, I don’t think people should be double-taxed (via death taxes), nor should one’s place of residence be figured in any property taxes. Sales tax I think could stay, but at a much lower rate (1%). Finally, all revenue collected by taxes should be used for the sake of government and its functions. It should not be used as a way for a rich business owner to become richer.


Browse Our Archives