Wednesday, October 26, 2011
Is the time finally right for a flat tax?
You want to take the oppressive, Gestapo tactics away from the federal government when it comes to tax collection? You want to strip the IRS of most of it's power? You want to prevent corrupt politicians from using the Byzantine tax code to reward their friends and punish their enemies? Adopt some form of a flat tax. But which one?
Herman Cain's plan calls for a 9% tax along with some other forms of revenue generation. Rick Perry's is a flat 20% on people above the poverty level minus some mortgage and charity exemptions, while Gingrich's is 15% minus exemptions. All are worthy of a second look, but is the US ready to radically transform the way government works.
I hope that after the radically left lurch Obama took the country with TARP 1 and 2, bank, insurance, and car company bailouts, and the mortgage collapse precipitated by Barney Frank and Chris Dodd, the country might for the first time in my life, be ready for radical streamlining of our serfdom regarding the payment of taxes to the government.
I want a flat tax in the US more than any other campaign issue I can think of and I'll be sorely disappointed if the eventual nominee for the GOP doesn't embrace the idea.