According to the Los Angeles Times last week, Gov. Arnold Schwarzenegger would like to see the idea of a flat tax discussed as a way to fix the state’s financial troubles.

Gov. Arnold Schwarzenegger said today that he would like to see such “radical” proposals come out of a commission now studying an overhaul of the state’s tax system. The governor told the editorial board of the Sacramento Bee that he hoped the commission would not be afraid to propose something like “a 15% straight tax.”
“That’s the kind of radical, daring kind of a proposal that I want to see on the table so we can look at it and say, ‘Oh, let’s study this, maybe that is the way to go,’ ” Schwarzenegger said during the discussion, which was webcast.

Obviously, this is not going anywhere, but it’s nice to see that there is something left of the governor who used to quote Adam Smith and believe in good economics.

Read the whole thing here.