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View Diary: Taxing the rich: it's not about "fairness" (182 comments)

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  •  Taxing the rich just because they're rich (11+ / 0-)

    is fully in line with the ideas and ideals of the American Revolution and the creation of our self-governing republic.  In the Founding era of the United States, the Founders had developed a "political economy of aristocracy, as Professor James L. Huston explains in "The American Revolutionaries, the Political Economy of Aristocracy, and the American Concept of the Distribution of Wealth, 1765-19000" (The American Historical Review, Vol. 98, No. 4 (Oct., 1993), pp. 1079-1105):




    The revolutionaries’ concern over the distribution of wealth was prompted by a tenet in the broad and vague political philosophy of republicanism. In contrast to nations in which monarchs and aristocrats dominate the state, republics embodied the ideal of equality among citizens in political affairs, the equality taking the form of citizen participation in the election of officials who formulated the laws. Drawing largely on the work of seventeenth-century republican theorist James Harrington, Americans believed that if property were concentrated in the hands of a few in a republic, those few would use their wealth to control other citizens, seize political power, and warp the republic into an oligarchy. Thus to avoid descent into despotism or oligarchy, republics had to possess an equitable distribution of wealth....

    The answer to how the social system of aristocracy generated wealth inequality was easily found. American political leaders applied the labor theory of property or value; an unjust distribution resulted when a few were able to transfer the fruits of other persons’ labor to themselves. Aristocrats (non-workers and therefore non-producers) stole the fruits of labor from the masses of toilers (laborers and therefore producers). Aristocrats effected the transference by political means. It was control of politics that enabled aristocrats to steal the fruits of labor, to enrich themselves and pauperize the multitudes. By the time of the writing of the Constitution, literate Americans had clearly voiced the idea that a misdistribution of wealth was almost entirely a political act.

    A conservative is a scab for the oligarchy.

    by NBBooks on Sun Nov 25, 2012 at 05:16:03 PM PST

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