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- W3148296937 abstract "This at first glance paradoxical statement by Milton Friedman precisely describes current developments in economic and social policy not only in the United States but also in Germany. In spite of the 1989 victory of individualism over collectivism, socialistic ideas, as a consequence of their long tradition, are so deeply ingrained in the minds of a majority of voters and politicians that the absurd consequences of such political behavior are not recognized. The erosion of social norms and value systems has obviously gone so far that today even Western societies are confronted with chaotic situations. Consequently, almost any political action can be justified by claiming that it improves “social justice”—a term which is used very frequently by politicians because it is so devoid of meaning.1 Not only are politicians and voters infected, but also a substantial part of the economic profession. Therefore, the discussions on minimum income strategies and the negative income tax (NIT) are often puzzling, and surprising coalitions between opponents and proponents of different ideological positions can be observed." @default.
- W3148296937 created "2021-04-13" @default.
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- W3148296937 date "1995-07-01" @default.
- W3148296937 modified "2023-09-27" @default.
- W3148296937 title "Pros and Cons of a Negative Income Tax" @default.
- W3148296937 hasPublicationYear "1995" @default.
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