Tuesday April 20 2010
The 16th Amendment allowed the income tax to be passed. The fact that the Constitution had to be amended to allow this is all you really need to know, it was a bad idea in 1776, it is a bad idea now.
George Will like Walter Williams points out that we do not need both an income and a Value Added Tax VAT. We need to repeal the income tax first. That of course will not happen. The income tax gives politicians too much power in the ability to dispense favors to those that shower them with campaign money. We will certainly become a socialized Europe of we have both the VAT and the income tax.
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