June 30, 2005
Flatter is Better
An entire conference on the flat tax. It sounds like a policy wonk's dream. There is this nugget from former Estonian prime minister Mart Laar:
Among his points was the fact that he and his government team were all too young to know it couldn't be done, so they just did it. The IMF told them to prepare for a huge drop in revenue, but it resulted in a big gain which has been maintained. Investment and growth have boomed, and now Estonia is set to lower from the original 26 percent flat rate to a new 20 percent flat rate.
Lots of people in D.C. could learn from little Estonia.
"Estonia Did it First"