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.
Thursday, November 16, 2006
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1 comment:
Ho. Ho. Milton Friedman is funnier than you think.
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