Fellow Americans,
According to Paul O'Neill, former Secretary of the Treasury and CEO of Alcoa, our tax code is an "insult to intelligence", and a fundamental disaster for the country going forward.
Mr. O'Neill opines that a group of intelligent people would "design something that is sensible, that encourages savings and investment, and that fairly distributes the burden of public goods and services we need". In his opinion our current tax system accomplishes none of these.
The reason his suggestion for a fairer tax code is doomed to fail is because, well, it is fairer. At the core of power in this country lies a special-interest lobby which basically directs Congress to do its bidding. The last thing that cabal wants is a fair tax system. Those with the most have the most to lose under a fairer system.
Money talks, fairness walks.
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