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For the last month of the campaign, McCain's campaign attacked progressive taxation as redistributionist "socialism"... the OP is saying that Adam Smith support
by kalvin 18y ago
For the last month of the campaign, McCain's campaign attacked progressive taxation as redistributionist "socialism"... the OP is saying that Adam Smith supported progressive taxation, so that's why conservatives "would" smear Adam Smith.
http://en.wikipedia.org/wiki/Progressive_tax http://en.wikipedia.org/wiki/Progressive_tax
"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.[16]"
- thomasmallen 18y agoThanks, that was insightful. Then again, there is the possibility of a progressive sales tax, which is more in line with the conservative (not necessarily Republican) ethic that, if citizens are taxed, they should be taxed equally, proportional to their income or consumption.