Originally Posted by houghtam
"Another means of silently lessening the inequality of property is
to exempt all from taxation below a certain point, and to tax the
higher portions of property in geometrical progression as they
- Your boy TJ, speaking about France...whose wealth distribution, if you recall, looked a lot like the US today.
See, I can play the Fast and Loose with Thomas Jefferson Quotes game, too! We all can!
Neither of us is playing fast and loose. It's the nature of the conflict. There's a danger in the purity of either approach. Jefferson saw both sides. There's nothing wrong with progressive taxation, only when it becomes confiscatory (a principle which I believe to be in play any time more than a half share goes to the government)
And I wouldn't say TJ is my guy so much as I like to use him because he's the only FF I'm aware of whose mere utterances have been given full Constitutional weight by certain people.
Jefferson was right about some things. As was Hamilton or Madison. But they didn't always agree with each other, except in very basic principles.