Tax Code Reform: Promoting Equity and Economic Sustainability
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The current tax code perpetuates inequality by favoring the wealthy with lower capital gains taxes and schemes like "Buy, Borrow, Die" that enable tax-free wealth transfer across generations. This lack of progressivity in federal income tax brackets exacerbates wealth concentration, undermining economic sustainability. It's crucial to reform the tax code to promote a more equitable distribution of wealth and power. Consider supporting proposals that tax extreme wealth and unrealized gains of the ultra-rich. This would not only reduce inequality but also foster a more inclusive and prosperous nation. The rationale behind this request is to ensure that the tax system serves all citizens fairly, not just the privileged few.