Milton Friedman about politics (“Capitalism and Freedom”, 1962) - 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.
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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.
 Milton FriedmanCapitalism and Freedom (1962). copy citation

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1962
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