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There needs to be something resembling an estate tax, or you will see the Trumps, Hiltons and Waltons still extremely rich 400 years from now (if we make it). They would never have to do anything, but because of the business practices of their parents, grand-parents, great-grandparents..., they cornered the market and made it almost impossible to compete against from a start-up point of view.
I'm not sure I understand the negative income model...Are you saying that people making under 28k/year would get money to make them equal to 28k/year? That can't be right.
I think a balanced-budget amendment (maybe tied to the financing of some war) would be a start. If everyone had to pay the actual tax bill instead of sweeping it under the rug and making people think they have low taxes, when in reality they are just making the next generation pay, it is wrong. That is why we should come up with a plan to pay back the national debt with an estate tax. It is the previous generations debt and they should have to pay it back at some time.
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