On the July 2 national day to honor the State Tax Service, Yanukovych rightly equated fair taxation with social justice. Everybody loves money, but not everybody understands how deeply tax policy affects who is wealthy and who is impoverished in society.
Judging from his rhetoric, Yanukovych understands the connection. And if he moves beyond words to actions, this nation’s millions of poor people might get a fighting chance at improving their lot in life.
Yanukovych simply called for using tax policy as an instrument of social justice, and we agree. He called for a progressive income tax system that charges higher rates – up to 20 percent – for the wealthy and lower rates for those with low incomes. And we agree. He also called for a luxury tax, which would be welcome. And, finally, something we’ve been waiting to hear for a long time, the president called for a substantial – not symbolic, as it is now – property tax on real estate.