10.20.2008

socialism

I must have missed a memo. When did a progressive tax system become the defining characteristic of socialism? Obama wants to make some minor tweaks to tax rates, and suddenly he's a Marxist who wants to "spread the wealth around".

If a progressive tax system truly is socialist, someone should probably inform people that we've been living in a socialist country since at least 1913.

Also, Adam Smith = Marxist.
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.
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