Are there ‘too many millionaires’? Milton Friedman sets liberal straight

It’s astounding that nearly 40 years ago, we still had this exact same conversation: there are too many millionaires and the rich have to pay their fair share. It’s incredible that the same discussion is being had, and many economists have to explain that it’s a good thing. In 1979, Milton Friedman had to constantly explain basic economics to the mass population. Thankfully, today, we have a large number of of other economists, bloggers and organizations tackling this issue. Here is Friedman on the “Phil Donahue Show” setting a liberal straight on having “too many millionaires.”