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Human Events argues in favor of the flat tax:
When a luxury sales tax was once placed on items such as boats and expensive cars, many businesses were devastated as consumers bought used or lower priced products or did without the items entirely. Spending drives our economy and is the major factor in our unprecedented prosperity. Another tax on that consumption would be detrimental because almost everything you tax you’ll get less of—except income. The desire for earnings will overcome all but the highest rates.
The flat tax is thus the superior choice. It maximizes the urge to earn with rates that actually start at zero thanks to generous personal exemptions. Under one 20% flat tax scenario, a family of four would pay no income tax on $36,000 and would keep 80¢ of each additional dollar. Only $4800 in income tax would be owed on $60,000 (an overall rate of just 8%) and only the highest incomes would pay 20%. With this incentive, commerce, investment and job creation would soar.
