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No Friedman acolyte that I'm aware of would actually endorse wealth transfers to the rich in the hopes that it would "trickle down" to everyone else. It's a sim
by cal5k 5y ago
No Friedman acolyte that I'm aware of would actually endorse wealth transfers to the rich in the hopes that it would "trickle down" to everyone else. It's a simplistic caricature of a broad system of thinking that seeks to maximize individual economic freedom and broadly minimize taxation and unnecessary regulation.
- benwad 5y agoTransferring publicly-owned assets to privately-owned companies is exactly what Friedman proposed to the various South American dictators he advised.