November 3, 2011

Perry's Flat Tax Is Generational Warfare

Laurence Kotlikoff, Bloomberg

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At first glance, Governor Rick Perry’s plan for a federal flat tax seems way cool. Our personal income tax is a horrific, inefficient, inequitable, complex monstrosity that drives anyone without the simplest finances nuts. I’d love to stop wasting four days a year preparing my return.

Problem is, the attractions of Perry’s plan come with a big downside: We’d be ripping off our own children.

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TAGGED: Laurence Kotlikoff, Entitlements, Rick Perry, Flat Tax