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This ain't rocket surgery.
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The revenue code could be rewritten so that all tax rates are calculated backward from the total amount spent or budgeted. This way every vote in favor of an appropriation is automagically a vote in favor of a tax increase. Why separate cause from effect?
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Politicians, being venal bastards, will always spend money they don't have. Then taxes will be made unsustainable as they increase them exponentially to try to pay for the favours they've done for their 'friends'. Economy reverts to something resembling C18 Russia. |
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While I certainly appreciate the need to better associate taxes with spending, I'm not sure this is the best way to accomplish that. What's needed first is to rid the public of the perception that government spending is "free money". |
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This would solve issues of people seeking to vote for good, expensive public services *and* low tax. |
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This is the opposite of what responsible people do. What one is supposed to do is keep their own spending down to a manageable level relative to their income. This is the opposite of just spending money whether you can afford it or not, and then trying to find a way to pay for it. |
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It's the same way with the government. It needs to cut spending and adjust the tax rate accordingly. Remember, when the government puts money back into the free market, it multiplies and the taxes on the increased money supply serve to partially offset the reduction in tax revenue. Assuming that the budget was balanced prior to the tax cut, there will now be a surplus. That can now be used to pay down the debt. This lowers interest rates, and serves to further stimulate the economy, increasing tax revenue.. and this is a never-ending spiral of greater wealth, less debt, and less taxes. |
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At least, this is how it's supposed to happen. This half-baked idea would cause the exact opposite to happen. Less wealth, more debt, greater taxes.. .etc. |
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