Thursday October 24th, 2013
Income Taxation Protects the Rich and Hurts the Poor (Jacob G. Hornberger)
Statists love to tell us how the income tax helps the poor by taxing the rich and equalizing wealth. Thatís 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.