“By the way, the same principle applies to the tax system. The political elites often argue against a flat tax because it would be a boon to the rich.” A Case Study of How Regulation Harms Poor People | International Liberty

By the way, the same principle applies to the tax system. The political elites often argue against a flat tax because it would be a boon to the rich.

But it’s the powerful and well-connected that benefit from the Byzantine system of credits, exemptions, deductions, exclusions, preferences, and other loopholes in the tax code.

via A Case Study of How Regulation Harms Poor People | International Liberty.

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