Taxation isn’t revenue raising. It is confiscation of people’s resources. Revenue is what merchants or employees earn in voluntary trade. To classify taxes as revenues is an obvious distortion. It is akin to characterizing the loot from a bank robbery as earnings, profits or income…Imposing taxes on people is no more asking them for funds than is a tax a form of revenue. Both of these distortions have to be conscious since they both clearly serve to help to pretend that something voluntary is going on when that is the farthest thing from the truth.
This excerpt is from Philosophy Professor, Cato adjunct scholar and research fellow at the Hoover Institute of Stanford University Tibor R. Machan.
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