Comments on: “FlatEarth” Friedman Should Know Better http://loosekannon.com/flatearth-friedman-should-know-better/ "Proving Man Can Fly Without a Right Wing OR A Left Wing" Tue, 20 Dec 2011 18:52:29 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: Mike Nolan http://loosekannon.com/flatearth-friedman-should-know-better/comment-page-1/#comment-1027 Mike Nolan Wed, 14 Jan 2009 12:40:43 +0000 http://loosekannon.com/?p=1638#comment-1027 Maybe the new book should be entitled "Short Cut Economics" - You've touched on a much larger issue - any stimulus plan is going to overlook some needy group - (though defining CEO's of large banks as "needy" is stretching it!) If we provide economic releif to teachers, what about firema? If I get a tax cut for sending my kid to college, do you get a tax break because your kid decides to stay home and runf the family business? If the answer is going to be yes to everyone, then we need more revenue. Friedman has to realize that our tax system has gotten less progressive - and that the rich need to pay more, to provide economic incentive to those providing basic values. Remember when Warren Buffet blasted the system that taxed him at 17.7%, while his secretary paid 30%? http://www.timesonline.co.uk/tol/money/tax/article1996735.ece Maybe the new book should be entitled “Short Cut Economics” – You’ve touched on a much larger issue – any stimulus plan is going to overlook some needy group – (though defining CEO’s of large banks as “needy” is stretching it!)

If we provide economic releif to teachers, what about firema? If I get a tax cut for sending my kid to college, do you get a tax break because your kid decides to stay home and runf the family business?

If the answer is going to be yes to everyone, then we need more revenue. Friedman has to realize that our tax system has gotten less progressive – and that the rich need to pay more, to provide economic incentive to those providing basic values.

Remember when Warren Buffet blasted the system that taxed him at 17.7%, while his secretary paid 30%?
http://www.timesonline.co.uk/tol/money/tax/article1996735.ece

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