Adam Smith Endorses Obama Tax Plan

Adam Smith Endorses Obama Tax Plan

“Let me me ask you, what’s the better way to make our economy stronger? Do we give … tax breaks to every millionaire and billionaire in the country? Or should we make investments in education and research and health care and our veterans?”

— Barack Obama, April 12, 2012
“Obama: Tax the rich to help grow the economy,” David Jackson, USA Today

“Sadly, President Obama has decided to attack success. It’s no wonder so many of his own supporters are calling on him to stop this war on job creators.”

— Mitt Romney, May 23, 2012
“Romney accuses Obama of waging a ‘war on job creators,’” Phillip Rucker, Washington Post

It is not unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.”

— Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, 1776

Related:

“Obama Pitches Tax Cuts As Romney Sells $2500 Glasses Of Wine,” Christopher Robbins, Gothamist

“The Great Capitalist Heist: How Paris Hilton’s Dogs Ended Up Better Off Than You,” Gerald Friedman, Naked Capitalism [Caution: Numbers n’ stuff]

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Short Link:  http://wp.me/p6sb6-dzL

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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