Neotrotsky
Council to Supreme Soviet
Often the idea had been discussed in class.
Economist Milton Friedman advocated it in his book, Capitalism and Freedom.
Though I do believe that it could be a flat tax combined with certain luxury taxes to equate the amount of negative impact on any taxpayer.
-People earning a certain income level would owe no taxes
-People earning more than that would pay a percentage of their income above that level
-People below that level would receive a payment to bring them up to the lowest level
Of course, the idea being to dismantle large, cumbersome bureaucracies.
[ame=http://youtu.be/xtpgkX588nM]Milton Friedman - The Negative Income Tax - YouTube[/ame]
Published on May 11, 2012
In this 1968 interview, Milton Friedman explained the negative income tax, a proposal that at minimum would save taxpayers the 72 percent of our current welfare budget spent on administration
Economist Milton Friedman advocated it in his book, Capitalism and Freedom.
Though I do believe that it could be a flat tax combined with certain luxury taxes to equate the amount of negative impact on any taxpayer.
-People earning a certain income level would owe no taxes
-People earning more than that would pay a percentage of their income above that level
-People below that level would receive a payment to bring them up to the lowest level
Of course, the idea being to dismantle large, cumbersome bureaucracies.
[ame=http://youtu.be/xtpgkX588nM]Milton Friedman - The Negative Income Tax - YouTube[/ame]
Published on May 11, 2012
In this 1968 interview, Milton Friedman explained the negative income tax, a proposal that at minimum would save taxpayers the 72 percent of our current welfare budget spent on administration