James Madison and John Calhoun were right to worry that the wrong fiscal regime would spell the demise of limited government. The enactment of the federal income tax eroded a traditional constraint on government spending and set the stage for the redistribution of wealth from taxpayers to tax consumers.
Taxpayers and Tax Spenders
Does a Zero Tax Price Matter?
By Jody W. Lipford, Bruce Yandle
This
article
appeared in
the Spring 2012 issue of The Independent Review.
Download PDF
(16 pages)
Economic History and DevelopmentEconomic PolicyEconomyFederal Tax PolicyFiscal Policy/DebtGovernment and PoliticsGovernment Waste/PorkPublic ChoiceTaxesTaxes and Budget
| Other Independent Review articles by Jody W. Lipford | ||
| Spring 2018 | Who Is the Forgotten Man (and Woman) on the Fiscal Commons? | |
| Spring 2007 | Adam Smith’s Roles for Government and Contemporary U.S. Roles:Is the Welfare State Crowding Out Government’s Basic Functions? | |
| Winter 2003/04 | Armageddon Averted:The Soviet Collapse, 1970–2000 | |
| [View All (7)] | ||
| Other Independent Review articles by Bruce Yandle | ||
| Spring 2020 | Narrative Economics:How Stories Go Viral and Drive Major Economic Events | |
| Winter 2019/20 | The Green New Deal:Why Fossil Fuel Civilization Will Collapse by 2028 and the Bold Economic Plan to Save Life on Earth | |
| Spring 2018 | Who Is the Forgotten Man (and Woman) on the Fiscal Commons? | |
| [View All (13)] | ||
