Wealth tax goes back to Hamilton, founding fathers, American Revolution - Business Insider

A long historical precedent

During the Revolutionary War this progressivism continued, but only on the state level, since national taxation was out of the question for a revolution whose trigger phrase was "no taxation without representation." Only curmudgeons like the Philadelphia pamphleteer Pelatiah Webster grumbled that the new country was getting itself and its currency in a bind by refusing to levy direct taxes.

The first Congress elected under that Constitution agreed with Alexander Hamilton's plan to fund the government entirely from tariff income. Pelatiah Webster had long advocated placing the heaviest import duties on goods "the consumption of which are least necessary to the community," and the lightest on those "the use and consumption of which are the most necessary to the community.

In embedding progressive taxation into its central-government funding, the early Congresses were honoring an idea central to the Revolution: that this country depends for its survival and growth as much on the thriving of its non-wealthy as on the enrichment of its already-wealthy citizens. In mid-1798, with a possible war with France looming, Congress passed the most far-reaching and progressive of taxes in this era.

That's why they're called critics. In addition to wealth tax there needs to be an AI/robot tax on corporations who eliminate too many human jobs in favor of this technology.

ALSO DONT FORGET THE MULTIPLE TIMES CARS HAVE HIT ME ON THE ROAD AND EVEN TOTALED ME MY MONEY HAS BEEN STOLE $59,000 WHERE IS GOD WITH ALL THIS INJUSTICE IN THE WORLD?EX SPOUSE MULTIPLE ATTEMPTED MURDERS AND RAPE AND NO LOVE FROM MY FAMILY ONLY MY DAD I FEEL IS THERE A GOD?REALLY

Tax more those who work and try hard. 👎🏻

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Best tax software for small business owners: How TurboTax, TaxAct, and eFile.com compare - Business InsiderTo find the best tax software for small business owners, we compared leading online tax services on price, accessibility, and ease of use. What happen to file taxes on a postcard
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Chatbots in Insurance Playbook – Business Insider Intelligence - Business Insider[NEW REPORT] The Chatbots in Insurance Playbook: BIIntelligence uses a proprietary transformation maturity scale to allow firms measure the maturity of their chatbot deployments
Source: BusinessInsider - 🏆 729. / 51 Read more »

Filing an amended tax return: deadline and instructions - Business InsiderTo claim a refund, the amended tax return deadline is typically within two to three years of the date you filed the original return.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Guava Juice: Roi Fabito on his YouTube channel, merch, business - Business InsiderRoi Fabito started his YouTube career out of boredom in 2006. Today he has grown the Guava Juice empire into a lucrative business.
Source: BusinessInsider - 🏆 729. / 51 Read more »