The jeers that greeted Britain’s Prime Minister Liz Truss’ minor tax cut proposals glaringly expose the utter lack of enlightenment found in so many of today’s policymakers and commentators.
Instead of retreating, Truss should double down by instituting what would be a growth-boosting virtual flat tax. This episode shows how she could do it, giving a badly needed boost to a basket-case economy and Britain’s battered citizens.
Hard times will eventually have other governments following Truss’ example, including—after 2024—the U.S.
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