Tag Archives: redistribution of wealth

The Tragedy That is the Income Tax Celebrates its 100th Birthday

On February 3, 1913 Delaware ratified the 16th Amendment to the Constitution which created the income tax. It was a dark day for America yet some see it as a day to be celebrated, or ahem, “commemorated.” Professor Ajay K. Mehrotra at Indiana University is one of these people. In an essay in Bloomberg he explains to us that the income tax was not born from any effort  “radically” redistribute of wealth, but in fact from a high minded progressive effort more interested in “balanc(ing) fiscal duties and civic responsibilities.”

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