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Albert Hong

Student,

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Tax System that allows people to choose how their money would be spent.

My idea is to set aside a SMALL percentage of taxes which the taxpayer got to choose how to spend it. Options would include a listing of various social programs, new technologies, public education, healthcare, public works like roads, defense or even programs registered by ordinary citizens. The taxpayer could also have the option to let the government handle the money like before.
The advantages might include:
1. an increased accountability of these programs since the taxpayer might do a considerable amount of research into the efficiency and total effectiveness of the program.
2. a democratic way to fund programs that people want
3. a way to introduce new programs and ideas
4. a way to increase taxes without upsetting people
5. a percentage of the budget would be accountable by the public.

My vision would be to have a website where taxpayers would browse through a variety of programs, read up on the information, and decide how to allocate their money. They also would have the ability to create their own program and try to attract supporters.

Obviously I don't know if this plan would be viable (and please correct me if i'm wrong). Thanks for considering.

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  • Oct 11 2011: I like this idea, it makes a lot of sense but there is a problem. The motivation of the public to voice their opinions as well as access to the internet.

    Otherwise it would work I believe. I would also add to this a set in stone tax on income of 13%. Rather than adjusting it based on income. This way everyone would pay their share and poorer people would not get hosed.

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