Nov. 3 (Bloomberg) -- At first glance, Governor Rick
Perry’s plan for a federal flat tax seems way cool. Our personal
income tax is a horrific, inefficient, inequitable, complex
monstrosity that drives anyone without the simplest finances
nuts. I’d love to stop wasting four days a year preparing my
return.
Problem is, the attractions of Perry’s plan come with a big
downside: We’d be ripping off our own children.
