Letter to http://press-pubs.uchicago.edu/founders/documents/v1ch15s32.html James Madison (28 October 1785)
1780s
“Both in England and on the Continent a graduated property tax (l'impôt progressif) has been advocated, on the avowed ground that the state should use the instrument of taxation as a means of mitigating the inequalities of wealth. I am as desirous as any one that means should be taken to diminish those inequalities, but not so as to relieve the prodigal at the expense of the prudent.To tax the larger incomes at a higher percentage than the smaller is to lay a tax on industry and economy; to impose a penalty on people for having worked harder and saved more than their neighbours. It is not the fortunes which are earned, but those which are unearned, that it is for the public good to place under limitation.”
Principles of Political Economy http://www.econlib.org/library/Mill/mlP64.html (1848), Book V, Chapter II
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John Stuart Mill 179
British philosopher and political economist 1806–1873Related quotes
Source: An exploration in the theory of optimum income taxation, 1971, p. 208
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1870s
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2012, " The Fair Tax Isn't Fair, It's a Farce http://www.libertyforall.net/?p=7101"
1930s, Message to Congress on tax revision (1935)
“I believe in a graduated income tax on big fortunes, and in”
1910s, The New Nationalism (1910)
Context: No man should receive a dollar unless that dollar has been fairly earned. Every dollar received should represent a dollar's worth of service rendered — not gambling in stocks, but service rendered. The really big fortune, the swollen fortune, by the mere fact of its size acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and in another tax which is far more easily collected and far more effective — a graduated inheritance tax on big fortunes, properly safeguarded against evasion and increasing rapidly in amount with the size of the estate.
Source: (1962), Ch. 13 Conclusion, 2002 edition, p. 198