Monday, March 07, 2005

Keeping Up With the Slovaks

Technically I am not off-topic since I am discussing international finance. The flat tax is making Slovakia the envy of stagnant economies. It is also easy to figure out (no need for TurboTax), guarantees that everyone pays (bye-bye corporate welfare) and does not distort the economy. It is in other words an apocalyptic nightmare for accountants, lobbyist's and tax attorney's. No more playing games on paper and in the halls of Congress to get the best deal for their special interests. No more benefits for the cronies. Think of the billions currently wasted on a parisitic economy that produces nothing.

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