Originally Posted by Deuces McKracken
I take for granted that anything factually incorrect, or even disputable, in this forum, will be quickly slammed. So I wouldn't put a fact out there unless I knew it to be true.
here is the first website that came up in google when I searched for "Milton Friedman withholding tax"
here is a quote from the site:
"One of Friedman's most disastrous deeds was the important role he proudly played, during World War II in the Treasury Department, in foisting upon the suffering American public the system of the withholding tax. Before World War II, when income tax rates were far lower than now, there was no withholding system; everyone paid his annual bill in one lump sum, on March 15. It is obvious that under this system, the Internal Revenue Service could never hope to extract the entire annual sum, at current confiscatory rates, from the mass of the working population. The whole ghastly system would have happily broken down long before this. Only the Friedmanite withholding tax has permitted the government to use every employer as an unpaid tax collector, extracting the tax quietly and silently from each paycheck. In many ways, we have Milton Friedman to thank for the present monster Leviathan State in America."
I actually brought up this fact to an Econ grad student at U of C a few months ago and he didn't know about it either. I guess it's not one of the things that Milt wanted known about himself.
Milton Friedman is the godfather of the neocons. He wanted huge government, low wages, and suppression of human rights and he did everything he could to accomplish that.
Friedman changed during the 70s. He used to be a Keynseian.
Cite Friedman wanting huge government, low wages, and suppression of human rights and doing everything he could to acheive it.