Milton Friedman Quote

The major disadvantage of the proposed negative income tax is its political implications. It establishes a system under which taxes are imposed on some to pay subsidies to others. And presumably, these others have a vote.


Ch. 12 The Alleviation of Poverty - Capitalism and Freedom (1962)

Picture Quote 1

The major disadvantage of the proposed negative income tax is its political implications. It establishes a system under which taxes are imposed on...

Picture Quote 2

The major disadvantage of the proposed negative income tax is its political implications. It establishes a system under which taxes are imposed on...

Picture Quote 3

The major disadvantage of the proposed negative income tax is its political implications. It establishes a system under which taxes are imposed on...

Picture Quote 4

The major disadvantage of the proposed negative income tax is its political implications. It establishes a system under which taxes are imposed on...