In the beginning, there were institutions...thoughts on institutions, economics and other random topics.
Wednesday, November 11, 2009
Thought US taxes were progressive?
Wait till you see this. And, by the way, it's from the conservative Ludwig von Mises Institute, not some hippie liberal thinktank. This is why a negative income tax on income below a certain threshhold (first proposed by Milton Friedman) would be a better way to flatten out the income distribution than lump-sum cash subsidies.