Quote:
Originally Posted by rebel23
The United States became the richest country in the world without an Income Tax or Federal Reserve.
Prices used to be stable and there was hardly any inflation. In fact, prices tended to fall more during the industrial revolution.
Poor people never starved until the depression era, with income tax, federal reserve and progressive FDR policies hurting the economy.
There is no need for wealth distribution, it does more harm than good and hurts the poor people more by limiting job opportunities and prospects. For every tax, law and regulations there is a cost to business and to productive people so they hire less people.
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In 1900, it was being discussed if the US or Argentina was going to be the leader in the new world. I don't think we were the richest country at that point. Our greatest strides were in the middle of the century and the wealth distribution was more even. I think you have this exactly backwards if you look up the facts. A thriving middle class is the answer to a strong US.