What is Missing From the Tax Legislation?

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Do American citizens have any idea what government costs? Hopefully not, would be the answer from both the president and congress, if they were being honest. If no one knows what government costs, who is going to object to an increase in spending? Who cares as long as their taxes don’t go up?

To be good, any form of taxation should go up when spending rises  and go down when spending decreases. There are no taxes that do that. The income tax does just the opposite.

About Fantasy Free Economics

James Quillian is an independent scholar and economist.

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