<human>: What are the benefits of a flat tax system?
<bot>: The main benefit of a flat tax system is that it simplifies the tax code and makes it easier for taxpayers to understand their obligations. This can help reduce the burden on individuals and businesses, making them more competitive in the global marketplace. Additionally, a flat tax system can also lead to increased revenue for governments as it eliminates loopholes and deductions which may have been used by taxpayers to lower their overall tax bill. Finally, a flat tax system often results in higher economic growth due to greater investment incentives.