This presentation looks at the cost of collecting the income tax. The IRS overhead itself represents the direct cost to the government in generating this revenue. Beside that there is the burden put on the tax payer in preparing his return, in the case of an audit there may be the cost of representation before a tax court. You also become aware of the vast amount of human resources wasted on this activity for the revenue generated.
Between 1948 and 1973, Americans’ real wages rose almost as fast as their productivity. After 1973, productivity grew 147% but wages rose only 19%. This raises two questions:
(1) If workers getting less, who is getting more?
(2) Is there a way to restore the balance?
To solve the problem of poverty, and the many other problems that follow from it, ordinary workers need higher wages. George Menninger describes how to raise wages without interfering in the free market and without taking anyone’s earnings.
George Menninger is an instructor at the Henry George School of Chicago, and attendees at this free program will have the opportunity to sign up for his Progress & Poverty course.
You can sign up for this free event thru Eventbrite, or RSVP directly by email.
In the 19th Century, Henry George proposed to end poverty by recognizing a clear and logical distinction between private property and community property. America took a different path, but George’s proposal remains valid and would still provide widespread prosperity. Chuck Metalitz explains.
Attendees at this free event will have the opportunity to sign up for the Progress & Poverty course which examines these ideas in much greater detail.
If you want to understand the underlying causes of persistent poverty in America, you’ll benefit from this course. This is the “modern” version, based on Bob Drake’s “Abridged for Modern Readers” edit of Henry George’s original book. As always, the first class session is entirely free, but if you decide to enroll in the course we request a $25 fee to help cover costs. Veteran HGS instructor Bob Jene will help you understand not only the causes of economic stagnation, but a workable remedy.
This course will meet for six consecutive Friday’s beginning January 6. Our space at Overflow Coffee Bar is directly served by CTA routes 62 and 29, and a reasonable walk from Red, Green, and Orange Line Roosevelt station, as well as Metra Electric’s Museum Campus and 18th Street stops.