For starters, this analysis proceeds as if ALL Perry’s plan does is implement a flat tax.
But it does nothing of the sort. It implements a flat tax mini-me code while leaving the Fedzilla tax code in place indefinitely — and suspectible to all the usual changes and entrenchment of crony capitalism, etc.
The author completely misses the boat by focusing only on the effects of the flat tax portion of Perry’s plan. The effect of leaving in place the Fedzilla code can’t just be ignored.
There is a completely different impact on the nation in implementing a flat tax system, period, compared to offering an optional flat tax system while maintaining the monstrosity we already have indefinitely.
This point should be discussed.
Rush Limbaugh also missed the boat today, when he openly gushed about Rick Perry's flat tax plan that leaves the Fedzilla code intact.
You could have knocked me over with a feather while I was listening to that. I was so stunned, that I don't think I heard another word he said, for the entire show.