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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Metcalf who wrote (87452)10/9/2007 6:21:54 AM
From: Oblomov  Respond to of 110194
 
OK, I think we agree, and I may have misunderstood one of your statements. There is a small difference, though. The negative income tax advocated by Friedman was very similar to the EITC. Someone would have to work and file taxes in order to collect the credit. A guaranteed income would typically not require work.

But Friedman only advocated it in a tongue-and-cheek manner, and didn't see the negative income tax as preferable to no handout at all.