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Sunday, 3 February 2019

US Founders on Wealth Inequality

Thomas Jefferson was admittedly a violent white man who enslaved and raped African people. Since he is viewed by many as a founder of the country, though, it is worth noting his words on wealth inequality, especially inasmuch as they might prove useful links in dialogues regarding the economy.

"The property of this country is absolutely concentered in a very few hands…I asked myself what could be the reason that so many should be permitted to beg who are willing to work.... Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise."

Leaving this post abruptly for now, with the hope that I can add to it later.

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