I agree on the first two, but the "progressive" amendments of the early 20th century caused the 3d. Then FDR was 4th and LBJ was 5th
-
-
Income tax is just the fedgov taxing its subjects as it always has - it used to have the States as its subjects but those got eliminated in the Civil War Fiat money was an actual change by FDR that mattered - fedgov now owns everything that can be bought with dollars
-
income tax was a big change to the old system of tariffs and excise taxes because it made federal revenue both much more predictable and much larger. Longterm federal financial commitments require those factors
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.