Another two-fer day. While I totally agree with the first article’s assessment that Gingrich’s tax plan is better than Romney’s, I also agree with the second article that Mitt could finish off Newt by borrowing a few bold conservative agenda items.
Jobs and wealth are created by those who are taxed, not by those who do the taxing. Government, by its very nature, doesn't create resources but redistributes resources. To minimize the damages taxes cause the economy, the best way for government to raise revenue is a broad-based, low-rate flat tax that provides people and businesses with the fewest incentives to avoid or otherwise not report taxable income, and the least number of places where they can escape taxation. On these counts it doesn't get any better than Mr. Gingrich's optional 15% flat tax for individuals and his 12.5% flat tax for business. Each of these taxes has been tried and tested and found to be enormously successful.
Fairness in taxation means that people and businesses in like circumstances have similar tax burdens. A flat tax, whether on business or individuals, achieves fairness in spades. A person who makes 10 times as much as another person should pay 10 times more in taxes.
In 2012, those least capable of navigating complex government-created economic environments find themselves in their worst economic circumstances in generations. And the reason minority, lesser-educated and younger members of our society are struggling so greatly is not because we have too few redistributionist, class-warfare policies but because we have too many. Overtaxing people who work and overpaying people not to work has its consequences.
When it comes to economic efficiency, nothing holds a candle to a low-rate, simple flat tax.
The most constructive way for Mr. Romney to kill off his rivals while bringing the party together is simple: Steal their best ideas. Mr. Gingrich has done precisely that with Ron Paul by calling for a commission to study the gold standard. Mr. Romney could easily do the same, echoing Mr. Paul's call for an honest dollar or adopting Mr. Gingrich's flat tax.
In the end, the arguments for Mr. Romney come down to this: He has executive experience in both business and government, he's got the most money and the best organization, and he's electable. They are good points. Still, they add up to one argument by résumé and two from process.
Those of us who believed that a primary fight would toughen Mr. Romney up have little to show for it. Far from sharpening his proposals to reach out to a GOP electorate hungry for a candidate with a bold conservative agenda, Mr. Romney has limited his new toughness to increasingly negative attacks on Mr. Gingrich's character.