I found this fact-checking article at CNN of the Democratic presidential candidates made pretty interesting reading. To my eye they don’t understand the tax system (who does?) or income inequality but they do have a pretty good grasp of policy proposals presently being discussed and violence in our cities. And, of course, they never let a good opportunity for demagoguery go to waste.
From an economic efficiency and fairness standpoint we should abolish all income taxes (private and corporate) and replace them with a VAT very broadly applied accompanied by monthly prebate to make it progressive. Such a plan would be hated by the left and the right but most especially by the Congress which would find its ability to raise campaign funds would practically vanish so it will never see the light of day.
