Taxes have become a big issue again in this election season. Every democrat on the ballet has a least one or two wacky schemes they claim are free. Free college, free healthcare, etc. But when pressed, they have to admit that taxes will be drastically raised to pay for for these plans.
And the reason they can get away with it is our progressive tax system.
I’ve been a proponent of the Steve Forbes Flat tax plan for decades. I even supported him in 1996 when he ran for president. One of my sons and I even met him on the campaign trail and had an hour-long conversation with him. very smart man.
It was then that I first heard of his flat tax idea, as he explained it to me in detail.
Well., he’s still pushing it and like then, it’s still a great idea.
Prager University thought so, as they asked Mr. Forbes to expound upon it for one of their famous short videos: