> Date:    Sat, 31 Jan 2004 13:28:54 -0800
> From:    Shawn Gordon <[log in to unmask]>
...............
> You know Algore claimed credit for "inventing" the earned income tax
> credit, and you're right it's a joke.  During the last tax cut people were
> complaining that those who paid no tax weren't getting anything out of
> it.  Well DUH.

Better to give the credit to Milton Friedman. The Earned
income tax is based on the negative income tax, rebranded
and packaged into something politically acceptable, that
Friedman discussing in "Free to Choose", chapter Cradle
to Grave. I don't know if it was originally Friedman's. The
idea was around a long time in academic economics for a
long time before it was implemented.

Jerry Finn

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