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Editorial Rating

9

Qualities

  • Analytical
  • Well Structured
  • Overview

Recommendation

Tax policy in America has long had its problems, and politicians have made the Internal Revenue Service a villain. Yet meager resources at the US Treasury have led to unprecedentedly low audit rates and lax enforcement, allowing both tax evaders and avoiders to profit at the expense of middle-class and low-income American households. In this bold essay, professor Scott Galloway argues that making the rich pay their fair share starts with an improved tax code and robust enforcement, and he suggests changes that could ease the burden on low-wage earners.

Take-Aways

  • America’s spending as a percentage of GDP has not been a problem, historically; paying for it has.
  • A well-written and properly enforced tax code would reduce the US federal deficit.
  • Successful tax collection could fund any number of policy initiatives.
     

About the Author

Scott Galloway, professor of marketing at New York University’s Stern School of Business, writes for and hosts the No Mercy/No Malice blog and podcast.