Progressive income tax key to equal opportunity and democracy, study finds.
The article argues that a fair government should aim to give everyone equal chances to succeed. To achieve this, the tax system should be designed to promote democracy and equal opportunities for self-realization. A progressive income tax that limits loss deductions is better than a consumption tax in creating conditions for equal opportunity and democracy. The efficiency benefits of a consumption tax are exaggerated, and equity goals should guide the choice of tax system.