Wednesday, November 17, 2004

If it sounds too good to be true…

Dick Armey and Andrew Sullivan both write on the merits of a flat tax. I'm normally an optimist, but such a thing as a flat tax rate seems too good to be true. It makes too much sense to survive for long in DC. Aside from all the special interest groups whose survival depends on stopping such a measure, there must be some downsides to a flat tax that I'm too young or naïve to understand; can anyone enlighten me? Any CPAs out there?

(hat tip to RealClearPolitics)