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)

Milton Friedman Quotes

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

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

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

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