John252 Wrote:
Aug 16, 2012 1:59 PM
First, the truth is on our side, so we have an "unfair advantage" that lets us cooperate with honorable people on the other side -- and George McGovern is honorable and well-intentioned. And his "demogrant" idea is an (imperfect) version of Milton Friedman's "Negative Income Tax." And $1,000 in 1972 would be over $5,000 today, adjusted for inflation -- and adjusted for per capita GDP it would be $10,000 to $12,000. Personally, I favor a "demogrant" of about half that amount, plus a 25% flat tax or consumption (sales) tax.