Is the World getting flatter?

Posted on

There's a first rate article on flat tax in a Czech publication called TOL today. Adam Cardais says:

Karl Marx might be shocked to see who's doing what with tax systems in Central and Eastern Europe these days.

After all, it's the capitalist West that won't abandon progressive tax systems, which Marx championed in The Communist Manifesto, while the former Soviet bloc countries are lining up to buck their old ideological fountainhead by moving to a more regressive structure: a single tax rate for nearly all earners, regardless of income.

It's well worth a read. In particular I like this:

If, then, the flat tax is often nothing more than tax cuts in fancy dress, the resulting drop in revenues raises serious questions about how long governments can afford to embrace it.

A good question.


Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here: