Estonia and Poland are success stories that we ought to be talking more about.
Estonia’s tax system is about as close to ideal as one can find in the real world:
A simple flat VAT
Corporate tax only on distributed profits
Can file in five minutes online
It should not be surprising then that Estonia is also one of the fastest-growing economies on Earth. Imagine how much growth the US could unlock if it simplified its tax code?
This does assume that 1) taxes + redistribution payments are the only way to have equal outcomes for income and that 2) equal outcomes (vs equality of opportunity) is the right goal for a country. :-)
Estonia and Poland are success stories that we ought to be talking more about.
Estonia’s tax system is about as close to ideal as one can find in the real world:
A simple flat VAT
Corporate tax only on distributed profits
Can file in five minutes online
It should not be surprising then that Estonia is also one of the fastest-growing economies on Earth. Imagine how much growth the US could unlock if it simplified its tax code?
Interesting analysis.
This does assume that 1) taxes + redistribution payments are the only way to have equal outcomes for income and that 2) equal outcomes (vs equality of opportunity) is the right goal for a country. :-)