lordmandeep on 06 December 2011
Imo a progressive tax system is the most fair.
However many are asking for a punitive tax system and imo that is not the ideals that America was founded upon and stands for.
The thing is such a system is not needed, because if spending is too high no level of taxation will make it sustainable (well no level of reasonable taxation).
Higher Taxation through reducing loopholes, slight increases and lower spending is the only logically way to lower the US debt.
Any other option will cause to much pain and suffering.
