If you pay people not to work and tax them when they do, don't be surprised if you get unemployment.
About this quote
- What does it mean?
- Paying people not to work while taxing work creates unemployment.
- In plain terms
- If you reward not working and tax working, fewer people work.
- What can you take from it?
- Incentives shape labor choices.
Where it applies
Putting it to work
Questions to consider
- Who pays?
- What rewards what?
Another view
Some support is needed for those unable to work.
More from Milton Friedman
What would the people who sold us goods do with the money? They'd get dollars. What would they do with the dollars? Eat them?!
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