Saturday, August 29, 2020
Jonathan Barry Forman (Oklahoma) & Roberta F. Mann (Oregon), Borrowing from Millennials to Pay Boomers: Can Tax Policy Create Sustainable Intergenerational Equity?, 36 Ga. St. U. L. Rev. 799 (2020):
This Article explores the relationship between taxes and inter-generational equity. At the outset, Part I of the Article provides an overview of sustainable inter-generational justice and tax policy. Part II then provides an overview of the U.S. tax system, deficits, and public debt. Part III then considers how taxes can influence the level of resources that are available to future generations, and Part IV considers how taxes can influence the mix of resources that are available to future generations.
This Article developed a concept of sustainable intergenerational justice, and we used it as a lens for examining tax policy. In particular, this Article explained (1) how government choices about the level of taxation and spending can affect the well-being of future generations, and (2) how government choices about the mix of taxes and tax incentives can affect the resources that are available to future generations. All in all, this Article showed some of the ways that well-designed tax incentives could be used to promote sustainable intergenerational justice.