Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

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.