Our fourth major goal, I want to mention briefly, is our welfare system and our tax system. In both of these cases, tinkering is not going to be enough. They must be thoroughly redesigned. Our present welfare system robs the taxpayers who support it, discourages the people who administer it, and sometimes degrades the people who really do need help. It's an extraordinarily complex and difficult problem, even more so than I had expected. Two weeks ago I outlined the principles that must underlie the reform of the system, and we will have legislative proposals ready by the end of this summer. We've already begun to move in this direction by simplifying the food stamp program--eliminating the purchase requirement and reforming the eligibility rules. As for our tax system, it, too, must be reformed through and through. Our tax system was once relatively simple, fair, and progressive. It isn't any more, because it's been changed so much over the years--often for the benefit of those who are rich enough to hire their own lobbyists in Washington. The process of redesign is well underway, and we intend to submit legislation to the Congress for a fair and simple income tax system this year.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Our fourth major goal, I want to mention briefly, is our welfare system and our tax system. In both of these cases, tinkering is not going to be enough. They must be thoroughly redesigned. Our present welfare system robs the taxpayers who support it, discourages the people who administer it, and sometimes degrades the people who really do need help. It's an extraordinarily complex and difficult problem, even more so than I had expected. Two weeks ago I outlined the principles that must underlie the reform of the system, and we will have legislative proposals ready by the end of this summer. We've already begun to move in this direction by simplifying the food stamp program--eliminating the purchase requirement and reforming the eligibility rules. As for our tax system, it, too, must be reformed through and through. Our tax system was once relatively simple, fair, and progressive. It isn't any more, because it's been changed so much over the years--often for the benefit of those who are rich enough to hire their own lobbyists in Washington. The process of redesign is well underway, and we intend to submit legislation to the Congress for a fair and simple income tax system this year." in the context of "" to mean that wisdom is timeless.