Flat tax in UK?
The flat tax meme continues to spread, with the news that the Conservative party is to investigate adopting it in the UK.
The Economist weighs in (no registration required for this article) with a realistic view of the likely economic benefits but political risks of a flat tax in Britain.
The assessment seems to be that it will be politically hard to pass no matter what the economic benefits. It might be that advanced economies will only be able to push it through once it's spread to all the developing economies and there's no longer any rational choice but to follow.