Time for a Change
“Taxes,” said rich dad. “You're taxed when you earn. You're
taxed when you spend. You're taxed when you save. You're
taxed when you die.”
“Why do people let the government do that to them?”
“The rich don't,” said rich dad with a smile. “The poor and
the middle class do. I'll bet you that I earn more than your dad,
yet he pays more in taxes.”
“How can that be?” I asked. As a 9-year-old boy, that made
no sense to me.
— Robert T. Kiyosaki (with Sharon L. Lechter), Rich Dad, Poor
I BEGIN WITH TWO FACTS ABOUT AMERICA TODAY. ONE, our tax system is a disgrace, and has been so for decades. The way we tax is complicated, inefficient, and unfair. Yet whenever elected officials in Washington actually try to do something about tax, they tinker at best. At worst, they make the system even more annoying. We need fundamental, comprehensive tax reform, not ad hoc tinkering.
Two, there is a widening gap between the rich and the not-rich in this country.
It may surprise many readers to learn that there is a deep connection between these two facts. Tax as it is today is a cause of the wealth gap. Tax as it could be tomorrow would narrow it. That's what this book is about: a proposal to make the tax system better
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Book title: Fair Not Flat: How to Make the Tax System Better and Simpler. Contributors: Edward J. McCaffery - Author. Publisher: University of Chicago Press. Place of publication: Chicago. Publication year: 2002. Page number: 1.
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