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Well, you can prevent the concentration of wealth in the first place. Thomas Jefferson wrote, "But the consequences of this enormous inequality producing so mu
by istjohn 3y ago
Well, you can prevent the concentration of wealth in the first place.
Thomas Jefferson wrote, "But the consequences of this enormous inequality producing so much misery to the bulk of mankind, legislators cannot invent too many devices for subdividing property....Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise"[0].
0. https://founders.archives.gov/documents/Jefferson/01-08-02-0534 https://founders.archives.gov/documents/Jefferson/01-08-02-0...