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Milton Friedman seems to think ending tax deduction at payroll might work, since forcing people to write a fat check every year will get them screaming to their
by ty6853 2y ago
Milton Friedman seems to think ending tax deduction at payroll might work, since forcing people to write a fat check every year will get them screaming to their reps or electing frugal reps.
- jfengel 2y agoLowering taxes isn't frugal. Frugality is on the spending side, not the revenue side. Such screaming never tells you how to cut the revenue side. (Except, of course, for the IRS, who generates orders of magnitude more revenue than they spend.) When asked, people will always say "Cut the spending on those people over there; spending on me is necessary and critical." I'd argue that's what's needed is less screaming and more coherent discussion of national priorities. But I suppose that just invoking somebody's ideological grudges and firing everybody in the vicinity of them is good, too.
- ty6853 2y agoMilton Friedman painstakingly designed the income tax withholding precisely to facilitate increased spending. Given his great body of works and actual experience in implementation, I don't think his opinions are brushed away by your strawman fight about what frugality was said to be . He advocated for eliminating automatic withholding because he saw exactly how it manufactured assent for spending [0], an effect of his own mechanisms he helped design for the circa WW2 war era. https://archive.org/details/twoluckypeopleme00frie https://archive.org/details/twoluckypeopleme00frie