Milton Friedman - Why Tax Reform Is Impossible
LibertyPen · 3 HN recommendations
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Milton Friedman explains why the US tax code is enormously complex and why meaningful reform is unlikely. He argues that politicians profit from the complexity, since tax breaks are products they sell and the code works as a tool of reward and punishment. The clip is about 14 minutes from his lecture series.
Why HN recommends it: HN commenters cite it whenever a thread touches on tax complexity, loopholes, or why companies like Intuit benefit from a convoluted tax system.
“There is a good Milton Friedman video wherein he explains why tax reform won't happen in the United States.” Read on HN ↗