Thursday, June 28, 2012

An End to Micromanaging and Political Favoritism

A flat tax or fair tax gets rid of all deductions, loopholes, credits, and exemptions. Politicians would lose all ability to pick winners and losers, reward friends and punish enemies, and use the tax code to impose their values on the economy. Not only does this end a major source of political corruption, but it is also pro-growth since companies would no longer squander resources lobbying politicians or making foolish investments just to obtain favorable tax treatment.

A flat tax or fair tax would yield major benefits to the nation, including:

Faster Economic Growth.
Instant Wealth Creation 
Simplicity.
Fairness

Increased Civil Liberties
Global Competitiveness  

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