Soak the poor

posted by
January 22, 2012
Ludwig von Mises Institute
by Frank Chodorov  
Posted in Commentary

"To be sure, the original Populists, and the aping Democrats and Republicans, to say nothing of the conscious Socialists, little thought that their income-tax gadget would ever be used to 'soak the poor.' It was an instrument, they thought, that could lend itself to no other purpose than to expropriate the rich in favor of the poor. How the poor would benefit from the expropriation, they did not explain; their intense hatred of the rich conveniently filled this vacuum in their argument." (01/20/12)

http://mises.org/daily/5736/Soak-the-Poor  

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