Uploaded December 2025 | Updated September 2026, 2 weeks ago
Everyone agrees taxes need reform. But agreement on a problem doesn't mean we're pursuing the right solution.
According to Milton Friedman, we've been trying the same failed approach for years. Congressional committees debate tax structure. State legislatures propose adjustments. Nothing changes. Government spending—and the taxes that fund it—keeps climbing.
His prescription was radical in its simplicity: Stop trying to reform taxes. Focus on reducing them.
"The only effective tax reform is tax reduction. There is no other way."
Everyone agrees taxes need reform. But agreement on a problem doesn't mean we're pursuing the right solution.
According to Milton Friedman, we've been trying the same failed approach for years. Congressional committees debate tax structure. State legislatures propose adjustments. Nothing changes. Government spending—and the taxes that fund it—keeps climbing.
His prescription was radical in its simplicity: Stop trying to reform taxes. Focus on reducing them.
"The only effective tax reform is tax reduction. There is no other way."
