Simple Tax Idea For Students And Businesses
I have long held that our current system of taxation is a bad one. It’s oppressive, is changed too often, and encourages cheating. Further, the more complicated the tax code, the more likely you are to have to spend more time, and in many cases money, sorting out what you do and don’t owe. It’s onerous and I hate the current system. I want to hack it.
With that out of the way, it was with some interest that I was reading this article about the multitude of tax programs which are being enacted to help students get out of debt post school. When thinking about any program, I view it in the same lens as I would a product that I would take to market. First is who is my customer, but second is how do they become aware of the product. For the average person, staying on top of all of these government programs is challenging at best. In times like these, I prefer to opt for simplicity. With that, let me propose some assertions, and then a potential solution:
1) As a country, we should aspire to have a more educated work force
2) The cost of college, university, and graduate education is rising faster than the rate of inflation, making it more un-affordable with each passing year
3) With the current tax system, a higher paid, and more productive, work force should, ceteris paribus, generate more tax revenues
If we can all agree on those assertions, then I propose this simple tax plan:
Posted in Entrepreneurs | View Comments
