FRIEDMAN, BASTIAT, TAXES, AND THE 'FREE LUNCH' MYTH

The hosts argues against the misconception that governments can spend money without anyone ultimately bearing the cost. It refutes the idea that taxing businesses doesn't affect consumers or workers, explaining that taxes on businesses are ultimately paid by individuals through higher prices, lower wages, or reduced dividends. Similarly, it contends that printing money is not costless; instead, it leads to inflation, which acts as a hidden tax on everyone. The author advocates for transparency in taxation, suggesting eliminating corporate taxes to make it clear that individuals, not abstract entities, bear the tax burden. This ultimately centers on debunking the "free lunch" myth in government spending.