The Treasury's Tax Reform Proposals: Not A "Fair" Tax
Stuart Rosow
Abstract
Stuart Rosow
Abstract
The Treasury Department's view of the current income tax system, as reflected in its 1984 Report to the President on tax reform, is reminiscent of Thomas Hobbes' view of life in the state of nature. To Hobbes, such a life was "nasty, brutish and short," and accordingly in desperate need of change. To alter this state of affairs, Hobbes created the Leviathan, an all powerful creature capable of imposing order on the existing political chaos.
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The Treasury Department's view of the current income tax system, as reflected in its 1984 Report to the President on tax reform, is reminiscent of Thomas Hobbes' view of life in the state of nature. To Hobbes, such a life was "nasty, brutish and short," and accordingly in desperate need of change. To alter this state of affairs, Hobbes created the Leviathan, an all powerful creature capable of imposing order on the existing political chaos.
Key concepts: Treasury, Tax reform, Economics, Tax credit, Tax avoidance, Ad valorem tax, Business, Economic policy