#11,414 in Business & money books
Reddit mentions of Wealth and Our Commonwealth: Why America Should Tax Accumulated Fortunes
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Reddit mentions: 3
We found 3 Reddit mentions of Wealth and Our Commonwealth: Why America Should Tax Accumulated Fortunes. Here are the top ones.
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- Used Book in Good Condition
Features:
Specs:
| Color | White |
| Height | 8.5 inches |
| Length | 5.5 inches |
| Number of items | 1 |
| Release date | January 2004 |
| Weight | 0.50044933474 Pounds |
| Width | 0.35 inches |
>>I don't seem to remember this being mentioned in Common Sense or the Federalist Papers or the Constitution or anything else I've read from that time period.
>Writing in Common Sense, Thomas Paine attacked the notion of hereditary government: "To the evil of monarchy we have added that of hereditary succession; and as the first is a degradation and lessening of ourselves, so the second, claimed as a matter of right, is an insult and imposition on posterity."
>In two other articles, "Rights of Man" and "Agrarian justice," Paine extended his contempt of inherited political power to a critique of inherited economic power. Paine proposed an inheritance tax that would fund an early version of Social Security.
>The distrust of concentrated wealth was so great that, in an extreme sentiment, Ben Franklin argued "that no man ought to own more property than needed for his livelihood; the rest, by right, belonged to the state."
Source: Wealth And Our Commonwealth by William H. Gates and Chuck Collins (Beacon Press)
I believe Franklin also said: "Bitches ain't shit but hoes and tricks."
He might get the attitude from his own father, who made a good deal of money himself as is a big opponent of inherited wealth: http://www.amazon.com/Wealth-Our-Commonwealth-Accumulated-Fortunes/dp/0807047198
Wealth and Our Commonwealth: Why America Should Tax Accumulated Fortunes by Bill Gates Sr.