On: Scrap the Welfare State and Give People Free Money

[Roboprog]

Am I the only one who caught the part about the regressive tax on the middle class ($25 - $50 K income range) to pay for the hand out???

Gotta love uncle Milty (Friedman) and his boys.

[streptomycin → Roboprog]

Probably. Friedman's negative income tax proposal was the opposite of regressive.

[Roboprog → streptomycin]

Quote:

It is important to point out that under Murray’s proposal, which is outlined fully in his book In Our Hands: A Plan To Replace The Welfare State, after someone’s total annual income reached $25,000 a 20 percent surtax tax would be imposed on “incremental earned income,” capped at $5,000 once someone earns $50,000 a year.

OK, not uncle Milty, some other libertarian. Still, a tax that stops at $50K is hard to call something other than regressive.