Even that dodges the real question -- why should any tax code be tailored to favor or punish a speciic group?
Even that dodges the real question -- why should any tax code be tailored to favor or punish a speciic group?
Because using methods of taxation designed to merely raise revenue to pay the bills, is sooooo last century and obsolete. Least, according to socialist/liberal/progressive ways of thinking.
refer:
Taxes for Revenue Are Obsolete
By Beardsley Ruml
Chairman of the Federal Reserve Bank of New York;
American Affairs, JANUARY, 1946 Winter Number Vol. VIII, No. 1, p. 35