$100 billion in new revenues.  This no doubt could be called Robin Hood tax reform: taking from the rich and giving to the poor. The $100 billion surplus should be used to shore up the social security trust fund.

 

This tax reform will also end the “nanny tax” problem for those employing child-care workers at home: if a nanny is paid less than $25,000 per year (and most are) she (or he) will get more take-home pay and her employer will save money and not be required to file quarterly and annual tax forms.

 

In the real world, where American factories compete with those in Mexico, China and Korea, this reform will make the United States much more competitive. Take, for example, an assembly worker paid $7.50 to put electronic products together.  He or sh...

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