- – Begin mandatory Retirement Savings Accounts (RSAs) and phase out Social Security
- – Begin mandatory Health Savings Accounts (HSAs) and achieve universal health care coverage, phase out Medicare and Medicaid
- – Implement a loophole-free Effective Flat Tax (EFT) that has a completely flat perceived rate
Read the whole thing to understand why this is actually very progressive and very much saner than our current system.
Philosophically I prefer taxing estates to taxing income, but that is a subject of another post. If we are going to stick with income, this is a good way to do it.