Wednesday, January 2, 2008

Isabel Paterson on Taxes

I'm currently reading "The God of the Machine" by Isabel Paterson. It's a good read, albeit somewhat dry in the beginning. Also, her use of analogies is.... interesting.

I found this particularly good passage from page 161

"Money obtained from the rich in any form except wages is never given to the poor. If it is taken by an ordinary hold-up man, it goes to the hold-up man. If it is taken by a philanthropic organization, it goes to the organization. If it is taken by the government, it goes to the politicians. Neither does increased taxation of the rich lower the rate of taxation on the poor; it is bound to cause an increase in all taxation, reaching down inchmeal until it expropriates a portion, not merely of the last dollar of a poor man, but of the first dollar he can earn. The tax will have to be paid before he can even touch his earnings. The present tax on wages, accurately described as "the Social Security swindle," could not have been imposed under the original Constitution; it is validated only by the income tax amendment. There is no means by which "the rich" can be taxed without ultimately taxing "the poor" far more heavily. And one tax tends to increase all other taxes, instead of lessening them, because tax expenditure goes into things which require upkeep and yield no return (public buildings and political jobs). Kinetic energy has been converted into static forms, which then necessitate the diversion of more kinetic energy to carry the dead-load."

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