Toward an Equitable Tax System

To most American citizens that the U.S. Tax Code has become a truncheon used to beat the American people into lockstep by an increasingly truculent political class. The actual legislative code is more than four times the length of the Christian Bible and is full of incomprehensible and contradictory exceptions and exemptions.

It is an unjust piece of legislation that hinders and manipulates economic activity.

It is enforced by an agency that is far too often the antithesis of the basic American principles of due process and equitable justice.

The time has come to replace this punitive tax system, which seeks to appropriate a portion of our income with a tax system that collects revenue on positive economic activity only. In that way, legislators would be less inclined to pass laws that inhibit economic growth or penalize success. Their actions would have a direct impact on the amount of revenues generated.

 

For More: http://www.foxnews.com/opinion/2012/04/17/toward-equitable-tax-system.html

Ziad K Abdelnour: Ziad K. Abdelnour is President & CEO of Blackhawk Partners, Inc., a New York based private equity ”family office” that focuses on originating, structuring, advising and acting as equity investor in management-led buyouts, strategic minority equity investments, equity private placements, consolidations, buildups, and growth capital financing's in companies and projects based both in the US and emerging markets.