Broad-Based, Low-Rate (BBLR)

The idea that taxes should apply widely without loopholes, so tax rates stay lower, and the system stays simple.
Example:
Preventing the wealthy from using loopholes allows us to collect more tax from them and less from wage earners.
But, just because it’s simple, doesn’t make it always fair.

Example: GST applies to all spending in the economy—from vegetables to superyachts.