Ridiculous Finger-Style Shredding: Matteo Mancuso, "The Chicken"

sagehen5/12/2019 8:25:35 am PDT

re: #122 HappyWarrior

A Progressive income tax isn’t some socialistic argument, it’s something that is almost as old as the Republic itself but Ben “I worship Capitalism because it pays my grift” Shapiro ignores that and just calls progressive income tax proponents jealous since he has no original thoughts.

Adam Smith on progressive taxation:

“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.”
Wealth of Nations, 1776