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To: edcoil

Milton Friedman is the devil who devised the payroll withholding scheme for the government. Without that hellish device people would have to fork over the entire amount on April 15 and would not be too thrilled at the prospect. Friedman’s scheme allows people to actually think a refund is some sort of windfall. You can keep Miltie.


14 posted on 01/27/2014 12:27:51 PM PST by all the best (`~!)
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To: all the best

I thought it was an executive at Walmart at the time of the passing of the 14th amendment?


15 posted on 01/27/2014 12:33:49 PM PST by edcoil ( "All men's miseries derive from not being able to sit in a quiet room alone." - Blaise Pascal)
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To: all the best

He helped design it in 1942. He decades later said he favored its abolition.


19 posted on 01/27/2014 12:57:52 PM PST by Bill W was a conservative (Profile, detain, interrogate, deport.)
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To: all the best
We were at war with Hitler and didn't know whether we'd win.

Friedman was one of many lower level Treasury employees who worked on the problem.

I don't know that it was his idea or that he pushed hard for it, but I doubt he had the final say or that the Roosevelt administration needed to have its arm twisted to go with the withholding solution.

23 posted on 01/27/2014 1:34:54 PM PST by x
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