Excellent idea

Iraq gets what America lacks – a fair tax system

Donald Sensing notes that Iraq is going to get a flat tax system.

I’ve long supported the idea for a flat tax system (with a complete abolition of all targeted deductions) for the US, as long as a large enough personal exemption was available. As Sensing notes, such a system is inherently progressive, so all those “it just helps the rich” types can just shut their pie hole right now.

I haven’t looked into the details of the Iraqi tax plan, which takes effect in January, but if this is accurate, I’m all for it.