Milton Friedman: Cutting Taxes Any Excuse
on Thursday, June 23, 2016Milton Friedman Money Quote saying no matter the reason, taxes should be reduced because the problem is never taxes, but expenditures. Milton Friedman said:
“I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible … because I believe the big problem is not taxes, the big problem is spending” — Milton Friedman
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Milton Friedman is expressing his view that reducing taxes should always be a priority, and that the real issue governments should focus on is reining in spending. He argues “the big problem is not taxes” but rather excessive government expenditures.
Friedman implies that lowering taxes is desirable in itself, but the main goal should be limiting how much money governments take from citizens through spending on programs, administration, etc.
The quote conveys Friedman’s belief that the best way to give more power to individuals is by decreasing the amount of money governments collect from and control through taxation policies, since this both puts more funds in citizens’ hands and pressures governments to control their own outlays.
Birthday: July 31, 1912 Death: November 16, 2006