Posts tagged ‘economics’

Money Does Not Equal Fairness or Justice

The national debt is about $14.5 trillion, and each person’s share is about $45,000. If someone proposed taxing each individual $45,000 to pay off the debt, nobody would think this a fair proposal. We expect those who have more to also pay more taxes. But in many other areas, everyone has to pay the same amount. The equal dollar in the legal system creates numerous injustices.

Finland fines people for speeding based on their income, so very rich people can pay over $100,000 for a single speeding incident. Some are worried that other EU nations will refuse to enforce Finnish fines, breaking the European Union. The idea is controversial and is unlikely to be applied here in the U.S., but it deserves consideration. If we cannot make fines fair based on income, perhaps we can base them on the price or class of car.

Even the tax system is not as fair as many believe.

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