Free To Choose Media Podcast cover image

Episode 2 – Milton Friedman Speaks – Myths That Conceal Reality (Podcast)

Free To Choose Media Podcast

00:00

Social Security Is a Programme Which Transfers Income From Low Income Classes to High Income Classes

The average expected length of life of a middle and upper income class s is longer than that of people from the lower income classes. So those poor suckers are going to pay taxes for more years. And receive payments for fewer years than you, than you and i will. The same thing is true of almost every other social programme you can mention. I have often challenged people to find a single governmental programme in which the people who pay taxes have higher incomes than those who get the benefits. But so far as i can find out, it's the only programme that demonstrably transfers income from higher income classes to lower income groups. That's why it's such an unpopular programme. If we are

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app