It would take a mathematician to do it right, not me. I conceive it as a parabolic curve. The FAIR formula would encompass several adjustable variables. I can only imagine the congressional battles!

My goal would be to equalize the tax burden proportionally as much as practicable. It should be progressive; I believe that those who benefit most from the American miracle we all help to create should contribute most to its continued success. Even the “Robber Barons” of the Gilded Age believe in giving back. Rockefeller, Carnegie, Vanderbilt, Morgan. They said, “Those who die rich, die poor.”

Furthermore, the poor and lower economic classes spend what little they have on necessities, and in their neighborhoods, not on Wall Street. In other words, their money goes right back into the local economy where it can do the most good for all. I’m a bottom-up Keynesian at heart.

I think a localized COLA, at least state-by-state, would help quell criticism of inequity. No individual can be personally responsible for the cost of living in their state, but neither should they be penalized for it. COLA adjustments would discourage “rich state” and “poor state” designations.

Thanks for engaging with me.