Sunday, February 17, 2013

The Robin Hood Myth

Another classic from Milton Friedman.  This one on why government programs always favor the middle class.

It would be great to see his challenge accepted today:
"I have often challenged people to find a single governmental program in which the people who pay taxes have higher incomes than those who get the benefits.

I know only one.  And that's direct relief public assistance.  The aid to families of dependent children.  It's not a good program its a terrible program, it's a welfare mess.  But so far as I can find out its the only program that demonstrably transfers income from higher income classes to lower income classes, and thats why its such an unpopular program."

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