“The graduated tax is a confiscatory tax. Its effect, and to a large extent its aim, is to bring down all men to a common level. Many of the leading proponents of a graduated tax frankly admit that their purpose is to redistribute the nation’s wealth. Their aim is an egalitarian society—an objective that does violence to both the charter of the republic and the laws of Nature. We are all equal in the eyes of God but we are equal in no other respect.” — Barry Goldwwater, The Conscience of a Conservative
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Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.