Wednesday, May 9, 2012

Milton Friedman - Another old dead white guy? Yes. But he got it right.

"There is all the difference in the world, however, between two kinds of assistance through government that seem superficially similar: first, 90 percent of us agreeing to impose taxes on ourselves in order to help the bottom 10 percent, and second, 80 percent voting to impose taxes on the top 10 percent to help the bottom 10 percent -- William Graham Sumner's famous example of B and C decided what D shall do for A. The first may be wise or unwise, an effective or ineffective way to help the disadvantaged -- but it is consistent with belief in both equality of opportunity and liberty. The second seeks equality of outcome and is entirely antithetical to liberty."
- Milton Friedman

By the way, I also think Walter Williams and Thomas Sowell got it (and still get it) right, and they are very much ALIVE black guys.

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