From Aristocracy to Monarchy to Democracy
Hans-Hermann Hoppe at the Rafael del Pino Foundation's Master Lecture Series in Madrid, Spain, on June 20, 2013
Exposing the madness wehind current economic thought
Hans-Hermann Hoppe at the Rafael del Pino Foundation's Master Lecture Series in Madrid, Spain, on June 20, 2013
At first it was the incomes of corporations, then of rich citizens, then of well-provided widows and opulent workers, and finally the wealth of housemaids and the tips of waitresses. This is all in line with the ability to pay doctrine. The poor, simply because there are more of them, have more ability to pay than the rich.
Source: The Income Tax: Root of All Evil