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Article posted Oct 24 2013, 1:06 PM Category: Economy Source: Jacob G. Hornberger Print

Income Taxation Protects the Rich and Hurts the Poor

by Jacob G. Hornberger

Statists love to tell us how the income tax helps the poor by taxing the rich and equalizing wealth. That’s just sheer nonsense. For one thing, most of the money they take from people with income taxes is used to fund the welfare-warfare state, very little of which actually ends up in the hands of the poor. Moreover, to the extent that the money does end up in the hands of the poor, it accomplishes nothing more than making them dependent on government largess rather than making them independent, self-sufficient individuals.

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Comments 1 - 3 of 3 Add Comment Page 1 of 1
Peter

Posted: Oct 24 2013, 2:17 PM

Link
81161 'Imagine life without an income tax, the type of life that our American ancestors lived for the first 150 years or so of America’s existence'

You mean back when there was plenty of riches to steal from the people
your ancestors exterminated ?

"..would mean that lots of families would today have $400,000 plus interest in the bank."
In the bank ??
They would have exactly what they have now :
Sod all !

Yeayeah, I know :
We need the goldstandard back, the market takes care of everythingm
"statists" are commie-satans blablablabla .

I'm fed up with austrianism and all it's 'simple solutions' to everything .
Austrianists need to grow The Hell up !
Chris

Posted: Oct 24 2013, 2:23 PM

Link
Yeah, they need to grow up and realize "the government" will solve all our problems!
Chris

Posted: Oct 24 2013, 2:26 PM

Link
The extermination campaign was waged by the government by the way, normal plebs actually traded with the Indians for their goods.

See:

The Feds versus the Indians
by Thomas J. DiLorenzo

History books and the popular culture are full of stories about how "the white man" brutally mistreated the American Indians during the latter half of the nineteenth century. Greedy capitalists are usually portrayed as the villains, killing Indians by the thousands to make way for the railroads in particular and economic development of the West in general.

But it was neither all white men nor all capitalists who brutalized the American Indians. The dispossession of the Indians--culminating in the late 1880s with the surviving tribes of the West being herded onto reservations--was the result of a corrupt and immoral relationship between certain Northern industrialists, particularly government-subsidized railroads, and the federal politicians whose careers they financed and promoted.

The eradication of the Plains Indians by the Union army was an indirect form of corporate welfare for politically connected railroad companies who enlisted the coercive powers of the central state to steal Indian property while engaging in a genocidal policy. Like many citizens today, the Indians were victims of governmental power, not of capitalism or European culture, as today's politically-correct historians insist.

In July 1865, barely three months after Robert E. Lee's surrender at Appomattox, General William Tecumseh Sherman was put in charge of the Military Division of the Missouri, which included everything west of the Mississippi. Many historians have sugarcoated Sherman's actions during this period by writing that his assignment was to help the U.S. achieve its long sought-after "Manifest Destiny."

In reality, Sherman's assignment was to provide a segment of the railroad industry, which heavily bankrolled the Republican party, with veiled corporate welfare in the form of eradicating the Indians of the West. In Sherman's own words: "We are not going to let a few thieving, ragged Indians check and stop the progress of the railroads.... I regard the railroad as the most important element now in progress to facilitate the military interests of our Frontier."

"We must act with vindictive earnestness against the Sioux," Sherman wrote to Ulysses S. Grant (commanding general of the federal army) in 1866, "even to their extermination, men, women and children." The Sioux must "feel the superior power of the Government." Sherman vowed to remain in the West" till the Indians are all killed or taken to a country where they can be watched."

http://mises.org/freemarket_detail.aspx?control=99


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