Thursday, November 16, 2006

So long, Milton Friedman

My interest in economics was sparked way back in about 1980 or so when I heard about Friedman's negative income tax (NIT) proposal. It appealed to my juvenile mind back then, and it still does.

Yes, I realize that that could be interpreted to mean that I still have a juvenile mind.

Anyway, it seems to me that a NIT could largely satisfy 1) the flat-tax people; 2) the progressive-tax people, and 3) the tax simplification people, all at once.

Alas, the lobbyists who make the Washington world go 'round would all have heart attacks.

1 comment:

Jambo said...

Ho. Ho. Milton Friedman is funnier than you think.