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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Metcalf who wrote (87435)10/8/2007 8:06:09 PM
From: orkrious  Read Replies (2) of 110194
 
Freidman's point was that administration of social programs is expensive. All those gubmint jobs could be eliminated if we simply introduced a "negative income tax", in which money would be sent to those who didn't earn enough, cutting out the social-worker middle man.

IMHO we should fire all the middlemen and do away with the giveaways. Just start assessing income tax at some threshold and let the "poor people" keep more of their own money. Saying we should just give everyone who doesn't work money for for nothing is insane.
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