"What we tax, we get less of, and what we subsidize, we get more of. Currently we tax work and subsidize the depletion of natural resources."-Al Gore
I've had this idea in my head now, and I figure that telling it to people is a good idea. What we do is, instead of taxing income, we tax accumulated wealth. The biggest problem with this idea, of course, is the calculation of the number(also a problem with the income tax system). For this system, though, I think we could make a lot of the forms one-time-use only or something.
Comments? Questions? Suggestions for improvement?