Sunday, January 27, 2008

IN DEFENSE OF THE ESTATE TAX

From Brian Tamanaha at Balkanization I found a great quote by Andrew Carnegie:

A heavy progressive tax upon wealth at death of owner is not only desirable, it is strictly just. For after making full allowance for differences in men, it still remains true that contrasts in their wealth are infinitely greater than those existing between them in their different qualities, abilities, education and except the supreme few, their contributions to the world's work. It should be remembered always that wealth is not chiefly the product of the individual under present conditions, but largely the joint product of the community. The Future of Labor (1909)

I wonder how the tax-cons will argue that the guy behind U.S. Steel was a Communist?

No comments: