Americans are being taxed to death--literally, says author Amity Shlaes in
The Greedy Hand. At work or out shopping, upon marriage or even after death, we are paying more in taxes than ever before, according to Shlaes, a
Wall Street Journal editorial writer. The average family with two wage-earners is now seeing almost 40 percent of its money go to local, state, and federal taxes. "The greedy hand of government"--first described by American revolutionary Thomas Paine--is greedier than ever, creating a situation ripe for tax reform, if not revolt, Shlaes writes. "We think of our forefathers who felt compelled to rebel against the Crown for 'imposing Taxes on us without our consent.' We know we live in a democracy, and so must have chosen this arrangement. Yet nowadays we find ourselves feeling that taxes are imposed on us 'without our consent'," she writes.
Chapter by chapter, and in great detail, Shlaes analyzes the tremendous burdens imposed by a wide range of taxes. She assails the marriage penalty, for example, and exposes problems with Social Security and the estate tax. And she documents how Americans feel increasingly unhappy with what government does with their money and shows how people go to great lengths to avoid taxes--driving across state lines to escape a sales tax, for instance. Shlaes calls for political leaders to overhaul the nation's tax code and suggests starting with guiding principles like the following: "Taxes have to be simple;" "Taxes have to be lower;" and "It's time to privatize Social Security." The Greedy Hand warns that the tax system damages the economy and hurts working people, and is a good read for anyone who wants to rail intelligently about taxes. --Dan Ring
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