Friday 23 February 2018

James Downey: No more patchwork -- we need equitable tax system

THE founding fathers of the United States had strong opinions on taxation. Their revolution began with the slogan "no taxation without representation". After independence, they argued about how much tax should be raised and how it should be spent.

Thomas Jefferson defended raising revenue to pay for education in his own colourful style: "(The imposition) is not more than the thousandth part of what would be paid to kings, priests and nobles who will rise up among us if we leave the people in ignorance."

Jefferson's heirs did not need to worry about kings and priests.

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