The Flat Tax Revolution – A Brief Second Visit
It wasn’t that long ago that folks on the right were crowing about how flat tax fever was sweeping much of Europe and producing monster economic growth. (Examples abound – enter the words “flat tax revolution Europe” and you find about 200,000 hits, most of them from about 2005 to 2007.) These were the same folks who had told us in 2001 about the rapid growth that cutting taxes was going to produce in the US.
So whatever happened?