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To: pogo101

"But he also urged adoption of a "negative income tax" in which people who earn less than a certain amount would get money from the government. "

That is just repackaged Marxist wealth redistribution. I wonder why he advocated that. We have it now as the earned income credit.


17 posted on 11/16/2006 11:40:36 AM PST by Hendrix
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To: Hendrix

It was his suggested solution to alleviate poverty, as a replacement for the host of then-existing welfare programs (not in addition to).


18 posted on 11/16/2006 11:50:21 AM PST by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: Hendrix

IIRC, Friedman only advocated any kind of NIT as part of a comprehensive reform that would have drastically reduced overall taxes, moved to sales taxes rather than income, etc. If "they" took one PART of his ideas-that-were-meant-to-be-implemented-comprehensively, and ignored the other parts, one cannot blame Friedman.


22 posted on 11/16/2006 12:27:12 PM PST by pogo101
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