DENVER, April 25, 2014 /PRNewswire/ -- A new book by Dr. J. H. Moromisato, Director of the Reformed Economics Institute at Denver, CO, describes a novel approach to taxation, which finds current taxation utterly regressive against 99.5% of taxpayers, and greatly beneficial to the privileged 0.5% at the top of the income distribution.
"A Theory of Tax Fairness" likens the accelerated accumulation of wealth by a tiny minority of the population to a type of human cancer. Both are caused by the uncontrolled and inorganic growth of a group of cells, which grow by hoarding an organism's nutrients, eventually leading to the death of both. Unfortunately, the social cancer, as with most human cancers, has grown inextricably linked to vital financial and economic processes, rendering its physical removal— akin to a surgical effort—impossible.
"The understanding of human cancers, and the technology to diagnose, treat, and prevent them, has gradually become more effective during the last 50 years. In contrast, understanding of the social cancer is just beginning, and the technology to diagnose, treat, and prevent it, is nonexistent," explains Dr. Moromisato. His proposal is to 'borrow' one of the most effective human cancer treatments available today—the anti-angiogenesis treatment. This treatment utilizes the suppression of the blood-vessel creation mechanism that enables the uncontrolled growth of cancer. The equivalent treatment against the social cancer would be the application of much higher, and more progressive, taxes on the 0.5% top income earners, who now collect more than 15% of the total national income and own or control close to half of the total financial wealth of the nation.
In his book, Dr. Moromisato also refutes the argument that taxes on the rich can have a negative effect on economic growth. In fact, it is clear that by not paying their fair share of taxes, the very rich—the social cancer—have pressed lower incomes on the rest of taxpayers, who are also forced to pay hundreds of billions in over-taxation every year.
It seems only a national movement—similar to those movements that earned Civil Rights legislation, the end of the Vietnam War, and the Women's Vote—may earn us a fair taxation, as well as the end of the social cancer.
You may ask, is there anything you can do about this? You can start by reading the book (for free at www.REIdenver.org). Then, discuss it with your community and tell your representatives in Washington about it.
Biographical Notes: J. H. Moromisato is a Ph.D. in High Energy Physics and an M.A. in Economics. He is the Founder/Director of the Reformed Economics Institute, at Denver, and author of several books on economics and its applications, including "The Money-Sovereignty Recovery Act (A Bill Proposal)", 2014.
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