by Smitty
Barton and the lads are well worth your time, contrasting the plans of Cain, Paul and Perry. Which almost sounds like a folk trio, but, no: those are your GOP presidential hopefuls.
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Yaron Brook nailed it with first statement asserting that the problem is using the tax system to enforce social policy.
Keeping the same old totally dysfunctional tax code while enacting an alternative flat tax is insane, it’s probably the only politically viable solution given the blow back any plan forcing those who don’t have any skin to join in civic responsibility. One can only hope that the unspoken part of the plan is to gradually eliminate deductions and credits that give refunds to GE and people who are merely poor. Perhaps once enacted the plan assumes that abolishing the remaining will become politically viable after most people star choosing to file the flat tax. If the end game is just to add the flat tax option to the existing fiasco, why bother.
Cain, Paul and Perry? I’m confused. Doesn’t the RNC’s acknowledged front runner Mitt Romney have a plan?