Monday, November 1, 2010

Obama Tricks Voters Like Enron Hoodwinked Public: Amity Shlaes

Bloomberg.com "For the first quarter century or so of its existence, lawmakers didn’t dare impose the income tax on the average earner. Only when World War II broke out did this class tax become a mass tax. And then two extra tricks were necessary for the transition. First, many taxpayers were hardly in a position to resist a shift in the code since they were already government captives: draftees. Second, withholding was introduced. Soldiers never knew how much they were taxed because part of their income never even made it into their pockets."

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