Saturday, April 16, 2005

Flat Tax, Definite Maybe; Existing Tax allowances, No!

Early knee-jerk dismissals of the Flat Tax challenge to existing orthodoxy are that ”A Flat Tax may be right in theory but it will never work in practice”, which mocks its advocates as impractical “intellectuals”.

Then, as evidence accumulates that the Flat Tax is worthy of closer study, the last line of defence against it becomes: “A Flat Tax may be OK in practice but it will never work in theory”, which suggests that its advocates are unsound “intellectuals.”

Either way, an idea is on the march. Which political party will take a lead in favour of a serious enquiry into the merits of a Flat Tax?

How might Adam Smith have considered the choices?


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