Monday, October 13, 2003

An encore presentation: Why don't we just tax the hell out of the rich?

From John Hawkins' interview with economist Milton Friedman:

Milton Friedman: Well, who would provide the funds, the capital, and the entrepreneurship for the new industries? In a world in which there were no rich people, how would you have ever gotten the capital to produce steel mills or automobile plants? You can do it through the state, but the world tried that with the Soviet Union.

We're not living in Sherwood Forest here...

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