Earlier today at the Friedman Conference in Australia, I spoke on the proper design of a tax system.
My goal was to explain the problem of double taxation.
I’ve repeatedly shared a flowchart to illustrate the pervasive double taxation in the current system (my example is for the United States, but many other nations make the same mistake).
And to help explain why this is economically misguided, I developed a (hopefully) compelling visual based on how to harvest apples.
But I’ve always wondered if I was presenting the information in an accessible and understandable manner. So for today’s presentation, I decided to experiment with some different visuals.
Here’s how I illustrated the current system.
As you can see, there are several additional layers of tax on people who save and invest their after-tax income.
And I explained to the crowd that this is very foolish since every economic…
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Utopia, you are standing in it! 
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