“Evaluating Adam Smith’s Principles of Taxation” Reflection on Adam Smith’s Principles of Taxation: Are They Appropriate and Sufficient?

Module One Reflection Prompt: Think about Adam Smith’s four principles of taxation. as described in the Module One materials. Do you think they are appropriate? Sufficient? What reaction did you have to them?
Adam Smith’s four principles of taxation:
1-Fairness: Taxation should be compatible with taxpayers’ conditions
This should include and consider their ability to pay in line with personal and family needs 
2-Certainty: Taxpayers should be clearly informed about why and how taxes are levied
The system should be open, transparent, and predictable 
3-Convenience: The process for collecting or paying taxes should be simple
Adding additional steps to the compliance framework has negative effects 
4-Efficiency: The system of tax collection should not be overly burdensome to the allocation and use of resources in the economy
At a minimum, the tax collection system should not have unreasonable transaction costs