Monday, February 28, 2011

Reverse Income Tax

Here we go again. While Milton Friedman did not suggest looking green cleaning products he suggested a reverse income tax.

This of course does not address the moral issue of taxation. That moral issue is stealing from one person and giving to another.

The basic idea is that everyone get (as an example) $20K. If you only earn $15K then the government would send you $5K. This would eliminate all the in between steps and people who collect money and get rich off the poor.

have a great day.

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