30 MAY 2016 by ideonexus

 Rebuking the "Good Old Days"

When you hear someone longing for the "good old days," take it with a grain of salt. (Laughter and applause.) Take it with a grain of salt. We live in a great nation and we are rightly proud of our history. We are beneficiaries of the labor and the grit and the courage of generations who came before. But I guess it's part of human nature, especially in times of change and uncertainty, to want to look backwards and long for some imaginary past when everything worked, and the economy humme...
Folksonomies: politics progress
Folksonomies: politics progress
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28 SEP 2011 by ideonexus

 Adam Smith Defends Taxes

The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state. The expense of government to the individuals of a great nation, is like the expense of management to the joint tenants of a great estate, who are all obliged to contribute in proportion to their respective interests in the estate.
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Which should be proportional to a person's monetary interest in the country. The more of America you own, the more you have for the government to protect.