The Case for a Flat Tax
The American Revolution began as a tax revolt with a single tax on tea. Now look at us. It seems like everything we do is taxed. The system behind these taxes is a Democratic monstrosity, a dead weight on the economy. The problem is not only the tax itself, but the compliance, time, money and effort that burdens Americans. So is there a fair solution in our future? Steve Forbes thinks so. The chairman and editor-in-chief of Forbes Media says transitioning to a simple flat tax with no deductions is the answer. Not only would it make every citizen’s life easier, it would end the complexity that gives bureaucrats and politicians so much power. He elaborates on the plan in this episode of PragerU.
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