Waffle

The Sharpener: Tories and Lib Dems consider flat tax. Cecil Adams of The Straight Dope once called a Flat Tax "the stupidest idea to come down the pike since pet rocks." and I hope y'all won't mind if I treat the idea with a bit of skepticism if that's the undeniably bright Unca Cecil's opinion of it. But like pet rocks in their day, the Flat Tax is all the rage these days, so it's a good idea to learn a bit about it and form one's own opinion. But if serious discussion of the idea exists in the world of political/economic blogs, I haven't come across it. Then again, my lifeline to the world of economic weblogging consists of what Professor DeLong says about notable economics and public finance related posts on his own blog, so if he's not interested in flat-tax proposals either way, I don't get to hear of them.
Phil Hunt's post gives some idea of what a concrete scheme might look like in England and how it could amount to more than just everyone but a few rich people's taxes going up.