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Don’t Toast This Centenary

Posted By Don Boudreaux On October 3, 2013 @ 1:38 pm In History,Other People's Money,Taxes | Comments Disabled

Until today, I had no idea that the late Jim Buchanan [1] shared a birthday with the current U.S. personal income tax.  That abominable intrusion into our lives and property, and assault on our peace of mind, is 100 years old today.

Chris Edwards weighs in [2].

As does Dan Mitchell [3].

And remember that the national personal income tax not only forcibly takes people’s money and creates the ‘need’ for government to snoop into individuals’ and families’ private affairs, it likely also paved the way for the calamity that was national alcohol prohibition [4] - the demise of which is surely the only happy consequence of the Great Depression.  See also here [5].

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URLs in this post:

[1] Jim Buchanan: http://www.econlib.org/library/Enc/bios/Buchanan.html

[2] Chris Edwards weighs in: http://www.cato.org/blog/federal-income-tax-100-years-today

[3] As does Dan Mitchell: http://www.cato.org/blog/today-anniversary-income-tax-worst-day-american-history

[4] paved the way for the calamity that was national alcohol prohibition: http://www.kosmosonline.org/2010/11/01/how-the-income-tax-led-to-prohibition/

[5] here: http://triblive.com/x/pittsburghtrib/opinion/columnists/boudreaux/s_518872.html#axzz2gWjcHU82

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