November 3, 2011
Perry's Flat Tax Is Generational Warfare
Laurence Kotlikoff, Bloomberg
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.
TAGGED: Laurence Kotlikoff, Entitlements, Rick Perry, Flat Tax