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“Taxing Work, Subsidizing Nonwork” – Milton Friedman

„We have a system that increasingly taxes work and subsidizes nonwork.“

Milton FriedmanMilton Friedman criticizes a system that increasingly taxes work and subsidizes nonwork. A quote on tax policy and economic incentives.
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Milton Friedman was an American economist and a leading figure in the field of monetarism.

In this quote, Milton Friedman criticizes what he viewed as distorted incentives created by government tax and welfare policies.


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Milton Friedman quote graphic about taxation, work, and nonwork

Milton Friedman (1912–2006) was an American economist and Nobel laureate, renowned for his contributions to microeconomics, monetarism, and his advocacy of free-market policies. He influenced economic policy in the US and worldwide.

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"What the welfare system and other kinds of governmental programs are doing is paying people to fail. In so far as they fail, they receive the money; in so far as they succeed, even to a moderate extent, the money is taken away." Thomas Sowell
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"Governmental subsidy systems promote inefficiency in production and efficiency in coercion and subservience, while penalizing efficiency in production and inefficiency in predation." Murray Rothbard
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"If you pay people not to work and tax them when they do, don't be surprised if you get unemployment." Milton Friedman
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"We are burning out the few children we still have in a deficient education and care system so that parents can work a lot for little money, just to maintain an economic system that is doomed to fail." Gerald Hüther
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