Without raising any more in taxes we can replace job killing payroll taxes with a 2% net wealth tax (excluding $15,000 and retirement funds) and lower the individual income tax rate to 8%. Capital gains, estate and gift taxes are unnecessary with a wealth tax. A 4% value added tax (VAT) and 8% corporate rate would complete the essential elements of the 2-4-8 Tax Blend.
Instead of slowing the economy with higher taxes and hurting people with less benefits, every aspect of the 2-4-8 Tax Blend encourages private job creation without more taxes or more government spending. The net wealth tax is a healthy negative reinforcer (as in "use it or lose it") in so far as it encourages assets to be used for productive investment.