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Printing and spending money like we are now is not debt that ever has to be paid back. Now, if the economy booms again then Keynesians advise to spend less and reduce the deficit. That's what Clinton-Gingrich did, see.
Taxing revenues doesn't violate property rights. Adam Smith called for exactly this in a highly progressive format in Wealth of Nations, which I'm sure you know was very influential on the Founders' thoughts. Also, many founders were in favor of death taxes and actively campaigned for the end of primogeniture and entail. :)
Taxing revenues doesn't violate private property rights. Adam Smith asks for this in a progressive form in Wealth of Nations, which I'm sure you know is a book that framed the Founders' thinking. Also, plenty of the founders were fully supporting of death taxes, and actively worked to remove primogeniture and entail.
Nice copy and paste from a blog put up to specifically distort the meaning of Smith's words. Got anymore twisted brainwashing strawmen to spew?
Ah, you have to hide behind selective quoting eh? Here's the full thing: "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." And then, as you say, he says to tax the luxuries of the rich and leave the poor alone!
Alright. FDR proved deficit spending gets us out of depressions. Milton Friedman and Frederich Von Hayek agreed.
"reduce extreme wealth towards a state of mediocrity, and raise extreme indigence towards a state of comfort." Taxing income isn't a violation of property rights, bonehead. He also supported Thomas Jefferson's inheritance taxation and ending primogeniture and entail. Back in your rabbit hole, BabyCommunist.
Is there any founding father you don't hate, BabyCommunist? "It must always be remembered, however, that it is the luxuries, and not the necessary expense of the inferior ranks of people, that ought ever to be taxed." --Adam Smith, wealth redistributionist
Obama and Bernanke saved us from economic collapse.
I drank most all the Kool-Aid that James Madison wrote. You drank the Kool-Aid of the economoreligious anti-American RWNJ hype machine. You can read Madison yourself or go on blindly believing your brainwashing handlers and hating on America: "The great object should be to combat the evil: 1. By establishing a political equality among all. 2. By withholding unnecessary opportunities from a few, to increase the inequality of property, by an immoderate, and especially an unmerited, accumulation of riches. 3. By the silent operation of laws, which, without violating the rights of property, reduce extreme wealth towards a state of mediocrity, and raise extreme indigence towards a state of comfort."
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