The really frustrating thing about Tauzin is that he and his party love to say that government can't do anything right or efficient. Well, government certainly can't do anything right or efficient if laws are written specifically to make it less efficient. There are plenty of examples of Democratic politicians doing the bidding of vested interests for pay so I'm not claiming this is a problem for only one of the parties.
I wonder if the system would be less corrupt if the difference in pay/lifestyle from the top 1% to the top 0.1% were much less. That is, if incomes were taxed at a much higher rate. Going from a $200000 salary to a $2.5 million salary and keeping most of it is too much of an incentive for corruption.
I suspect that countries with the least amount of corruption have the least amount of income inequality.
I wonder if the system would be less corrupt if the difference in pay/lifestyle from the top 1% to the top 0.1% were much less. That is, if incomes were taxed at a much higher rate. Going from a $200000 salary to a $2.5 million salary and keeping most of it is too much of an incentive for corruption.
I suspect that countries with the least amount of corruption have the least amount of income inequality.