The good doctor summarised my main thoughts on tax and welfare in a brief interview twenty years ago.
Bascially, Land Value Tax is the "least bad" tax, and if you really have to have income tax, keep it as flat/simple and as low as possible.
He also supported low-level universal cash benefits (which he referred to as "negative income tax"), which (mathematically at least) is the same as a Citizen's Basic Income (just with more admin and faff).
He also supported legalising and taxing marijuana.
Funny how people cottoned on to the idea of Monetarism, which is attributed to him, and actually implemented it, despite it is bloody difficult to understand or explain and probably seemed like a damn' risky strategy back in the 1970s (ditto privatisations); but they didn't follow his advice on anything else.
Ah well.
This is in the context of nothing in particular.
Wednesday 15 August 2007
Milton Friedman
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3 comments:
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Woo hoo! My first f***ing spam (or whatever the technical term is).
I do like Milton Friedman. So much common sense.
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