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Don’t neglect ‘economists’ favorite tax’

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Grand Forks Herald

Conservative economist Milton Friedman called it “the least bad tax.”

Liberal professor John Kenneth Galbraith said the tax “can also play an important role in the redress of these problems,” which include “declining housing affordability, growing economic inequality and environmental decay.”

For that matter, Adam Smith — the founder of modern capitalism — was a fan, as were Winston Churchill, John Stuart Mill and David Lloyd George.

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