The following was nationally distributed in the United States by the Associated Press and appeared in the New York Daily News on Friday, November 4, 1949. The measures being referenced are those in the Fair Deal, the cradle-to-grave welfare state proposal of President Harry S Truman to follow up on Franklin Roosevelt’s New Deal…
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Hillary Clinton made the news a week or so ago by saying the rich don’t pay their fair share of taxes, echoing statements President Obama has made since his presidential campaign. But the remedy they recommend is to raise income tax rates on high-income earners. That’s not taxing the rich, it’s taxing the productive….
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