Posts Tagged ‘progressive income tax’

Adam Smith Endorses Obama Tax Plan

November 30, 2012

Adam Smith Endorses Obama Tax Plan
“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:

“Let the Bush Tax Cuts for the Wealthy Expire Already,” Senator Bernie Sanders, Truthdig

“How to raise taxes on the rich,” Jeanne Sahadi, CNN Money

“Tax hike for wealthy won’t kill growth, CBO says,” Reuters via NBC News

“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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Adam Smith Endorses Obama Tax Plan

July 10, 2012

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

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