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In the 1940s and putting together the concept of income we now use today under the income tax they were neglecting the adverse effect on the labor force and it wasnt unknown. The godfather of the income tax henry simons and one of the two leading godfathers admitted that it would damage the economy and his current disciples dont want you to remember that or theyve forgotten it. Heres what simons said about Income Taxation. Income taxation is broadly an instrument of economic control. A means of mitigating economic inequality which well assume that moderation of inequality is an important objec...

Theres got to be a morning after it was inevitable. You could see that song coming right at you. Yeah, the morning after a deal is reached. All right. Here we go. Federal workers return to their jobs with back pay. Parks, monuments reopen, back to normal, the new normal. Now what . Weve got to be talking about this all morning long. But right now, ive got to tell you, it is the same oldsame old from congress. Yes, the debt and the spending bill that temporarily ended the stalemate, included its share of good oldfashioned pork. Havent had time to comb through it all, but two items jump at you. ...

of the deductions and lower everybody's tax rates so people can survive and not keep taxing small businesses. >> it is deja vu all over again. he is the guy some are calling this generation's hipper gipper. what do you think? >> it is true. it is amazing that paul was just 11 years old when that tax bill was signed. >> that's right, that's right. >> it was 31 years ago. but he is the reincarnation. , he really is. he is as good as it gets. it tells you the direction romney wants our country to go and it makes it starkly clear what will happen if they win, and it is a vision that i ha...

of the deductions and lower everybody's tax rates so people can survive and not keep taxing small businesses. >> it is deja vu all over again. he is the guy some are calling this generation's hipper gipper. what do you think? >> it is true. it is amazing that paul was just 11 years old when that tax bill was signed. >> that's right, that's right. >> it was 31 years ago. but he is the reincarnation. , he really is. he is as good as it gets. it tells you the direction romney wants our country to go and it makes it starkly clear what will happen if they win, and it is a vision that i ha...