The Global Flat Tax Revolution

This mini-documentary from the Center for Freedom and Prosperity discusses the global flat tax revolution. There are now 24 flat tax jurisdictions (actually 25, but we didn't know about Trinidad & Tobago when the video was filmed), a remarkable development given the ideological opposition to tax reform from special interest groups and class warfare advocates. The six-minute video explains the key features of the flat tax revolution and highlights the reforms in Hong Kong, Estonia, and Iceland. The flat tax revolution has been especially strong in former Soviet-bloc nations, a rather ironic development since a so-called progressive income tax was a key tenet of Marx's Communist Manifesto.

Category:

News & Politics

Tags:

• Flat
• tax
• freedom
• and
• prosperity
• competition
• reform

[tamilmannan]

fuck taxes

[phillipstr07]

Good vid... It would be nice if we could move towards a more sensible tax policy.

[warriorprince1010]

@Spjungen The USA finished on a par with most of Europe in eductaion. Only some smaller European countries have betetr eductaion and those are in countries of a few million people. Most of Europe has worse universities, higher unemployment and less wages.

[Spjungen]

@warriorprince1010 A lot of the euro countries have a voucher system, which ensures competition and quality among schools, and is a major reason they do so much better, and their children and people are so much smarter as a result, than ours.

Here private schools are shunned as being a rich people luxury...I see no reason why everyone shouldn't be able to access that kind of quality.

Unfortunately the government monopoly on education is preventing that from happening.

[warriorprince1010]

It depends what taxes are spent on. Switzerland have lower taxes than Italy, Spain, UK, France, Portugal, Greece and the USA. Yet they have better schools and healthcare. The UK wastes around 30 to 40% of state soending and only spend around 30% on schools and healthcare.

[IllegalAmigo07]

A crime scene investigator or a forensic specialist probably does not on average make as much as an investment banker, but who's to say the banker is a "more productive" citizen? I don't understand how people fail to see the way in which such a ridiculous argument falls flat on its face. Higher income doesn't necessarily correlate to higher "productivity", especially with heirs and heiresses like a paris hilton or kim kardashian. How can anyone reasonably quantify "productivity"?

[Neosaigo]

If suicide is revolutionary, then yes, the flat tax is a revolution.

[Sosigarets]

I find it funny how many if not most of the countries that have taken this flat tax into use, are poor and/or ruled by dictators. This tax wouldn't work for more developed countries.

May I add that Iceland who 'was' one of the worlds richest countries, encountered a financial and political crisis that led their biggest banks and their economy to collapse, leaving them in debt to other countries and giving them a high number of people out of work. Maybe because of this flat tax?

[lvll138inrs]

this would destroy the bureaucratic administration the IRS.

[crliebe]

@op684 Haha. I like this analogy. The problem is that no matter how much you dumb it down, they just can't understand...