Even modest income taxes can grow into transformative fiscal instruments

Evidence

The income tax was the opening wedge for the transformation of American society. A journey of a thousand miles begins with a single step, and a tax whose brackets once rose as high as seven dollars out of ten may begin with a mere 2 percent. — Lawrence M. Friedman, A History of American Law, 3227

Categorization

• XREF: connects to: Aggressive new taxes on wealth and finance could curb the sector’s influence — Andrew deWaard, Derivative Media: How Wall Street…, 462; Taxation evolved from gifts and penalties to chiefs — Georg Simmel, on individuality and social forms_…, 270

Broader Connections

• Aggressive new taxes on wealth and finance could curb the sector’s influence #corroborates (0.80) — Andrew deWaard, Derivative Media, 462
• Taxation evolved from gifts and penalties to chiefs #corroborates (0.71) — Georg Simmel, on individuality and social forms_…, 270