Obama Tax Policy Prophesied 89 Years Ago
by Scott Ott
“I have never viewed taxation as a means of rewarding one class of taxpayers or punishing another. If such a point of view ever controls our public policy, the traditions of freedom, justice and equality of opportunity, which are the distinguishing characteristics of our American civilization, will have disappeared and in their place we shall have class legislation with all its attendant evils. The man who seeks to perpetuate prejudice and class hatred is doing America an ill service. In attempting to promote or to defeat legislation by arraying one class of taxpayers against another, he shows a complete misconception of those principles of equality on which the country was founded.”
Though that could have been written yesterday, it actually comes from a little book written in 1924 under the name of Treasury Secretary Andrew Mellon ...
The systemic destructiveness of s@#$w-the-rich tax rates has been understood in the US for at least the better part of a century. Yet pols persist in trying the same destructive foolishness time after time after ...