Bumpless Safety Nets for an Ownership Society



Joe over at Winds of Change has a fascinating piece on a radical proposal by Dan at NoSpeedBumps which he claims:
achieves universal health care coverage, provides for income support and health care during retirement based on the highest rates of return achievable, and has a flat tax & save rate for all workers and businesses. All of this is done while retaining significant progressivity in the collection of tax revenues – yet with zero loopholes in the income tax code. And the perceived marginal tax & save rate is flat such that the incentives to work and improve oneself economically are the same for all workers. There are no speed bumps.
(emphases mine).
While I haven't looked at the details, I think it is a very impressive solution considering its simplicity, and fundamentally on the right track. By employing conservative means (responsibility, privatization) to achieve liberal ends (progressivity, universal coverage), he is definitely staking out the radical middle high ground. If nothing else, its a great starting point. Or is that ending point?

Posted: Tue - May 3, 2005 at 08:42 AM        

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