Death comes to us all. Life's but a walking shadow | If you assume that some substantial portion of the 18 trillion in national debt is due to direct subsidies to various industries like the oil depletion allowance perhaps we should levy a carbon tax that can only be applied to that portion of the debt accumulated before the present. While it isn't really fair to our children & grandchildren, in a real sense making them pay for our spendthrift at least at the end of some time the debt will be retired.
Another idea might be to have an estate tax that goes directly to the national debt. You got to use the money while you were alive. You certainly won't need it when you're dead. In a sense, it's just settling accounts. After all, we all know inheriting too much money really isn't good for you. |