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April 25, 2012

What Did Karl Marx and Milton Friedman Have in Common?

Posted by Thomas DiLorenzo on April 25, 2012 02:17 PM

They advocated the following:

"A heavy progressive or graduated income tax" (Plank #2 of The Communist Manifesto by Marx and Engels); and

"A progressive tax system which places primary reliance on the personal income tax" (Plank #4 of Friedman's "Monetary and Fiscal Framework for Economic Stability," in his Essays in Postitive Economics, p. 137).

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