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Want to get rid of political corruption? Simple…

Want to get rid of political corruption? Simple, just implement a flat tax. This is why:

  • With a system that you could fit on a postcard, people would no longer need to hire lawyers
  • A single, low tax rate would be very competitive and attract business and people from around the world to reside in the UK and create jobs and wealth
  • No double taxation on savings and investments (ie. no death tax, no capital gains tax, no tax on savings or dividends)
  • It is easier to enforce and a low rate ensures its not worth rich people finding loopholes

For a great tutorial on how it would work, watch this Dan Mitchell video from the CATO institute:

Flat tax…with a cat of course!

Flat tax...with a cat of course!

In the end, it comes down to the number of pages

America has more than 70,000 pages of tax laws. In comparison, hong kong has less than 200 pages and slovakia’s flat tax is thinner than a magazine.

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