To ensure American well-being, the pre-eminent purpose of a modern tax system should be to achieve the highest possible level of growth in the private economy with a competent, efficient state in a supporting role.
via online.wsj.com
Henninger gets it. The reason that our tax system makes so little sense is that it's been too long since anyone stepped back and asked: "What are we trying to achieve?"
We have thus developed a tax system that has no designer, no architect, no goal, no constraints, and no metric for success. Anyone content with such a system deserves what they get.
We deserve better. It's time to demand a radical simplification of the system. Strip away all the crap and create something close to a flat tax. Then we can debate where the rates belong because we will have some idea of what we're trying to achieve.
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