I had an idea- supposed tax rates were variable and automatically pegged to spending.
When gov spending rises, tax rates automatically rise.
When spending falls, taxes automatically decrease.
This would provide, hopefully, more public pressure to decrease spending, as well as being more fiscally responsible. No more cutting taxes and raising spending at the same time.
I can think of a problem:
Changing tax rates would make planning for the future more difficult for some individuals
It would contradict the idea that when the economy is bad, the gov should increase spending and decrease taxes at the same time.
What do you all think?