A true flat tax makes sense — but the “Flat Tax” nonsense by Newt and CATO and others, is not flat at all. It’s the opposite of flat. They call it flat, but it’s not flat whatsoever.
Get a real flat tax, and that would be good.
As to the Fairtax, it sounds great but is goofy. They have a massive “second tier” of taxation that they don’t mention in their books, videos, or speeches. And this second tier of taxation is silly, it’s a charade, a farce.
One thing about taxes — whatever name they give it, it’s usually exactly the opposite of the name.
“As to the Fairtax, it sounds great but is goofy. They have a massive ‘second tier’ of taxation.....”
Can you explain what you mean by a “second tier” of taxation?
I think you’re mixed up. It’s the income taxes that have multiple tiers of taxation. The formal definition of the flat income tax is “subtraction method VAT” in fact.
Flat tax has tax on my income [income and payroll] and taxes again when spent [via business taxes including income and payroll.] It is trivial to see more than one layer in even the generic flat tax situation. That second layer... it’s hidden in prices. That’s bad.