The plaintiffs’ arguments in Moore v. United States have little basis in law — unless you think that a list of long-ago-discarded laissez-faire decisions from the early 20th century remain good law. And a decision favoring these plaintiffs could blow a huge hole in the federal budget. While no Warren-style wealth tax is on the books, the Moore plaintiffs do challenge an existing tax that is expected to raise $340 billion over the course of a decade.
But Republicans also hold six seats on the nation’s highest Court, so there is some risk that a majority of the justices will accept the plaintiffs’ dubious legal arguments. And if they do so, they could do considerable damage to the government’s ability to fund itself.
“Pollock v. Farmers’ Loan & Trust Co. Found that a tax on income which was derived from property (rent, dividends, interest, etc.) was effectively a tax on the property, and so was a direct tax.”
Ayyyy there it is, another argument for more benefits for the owners! Us schmucks should pay all the bills taken from our income and they get to laugh all the way to the bank sitting on their expensive properties they generate wealth from simply by existing. Fair and Balanced System™©®
I know it’s old, but what a gross read. My income generated by my actual fucking labor should be taken, but your leech money is safe because you own a thing and do literally 0 work.