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“There will be those who say that solutions such as wealth taxes have been tried before and failed, but that is not necessarily that the solutions are wrong, but because another innovation or strategy provides another way to reduce taxes. The solution to taxation is to allow incentives to encourage ingenuity and innovation and to match those positive characteristics with the desire to eliminate gross disparities in income and wealth.” — Wayne D. Armitstead
There will be those who say that solutions such as wealth taxes have been tried before and failed, but that is not necessarily that the solutions are wrong, but because another innovation or strategy provides another way to reduce taxes.
The solution to taxation is to allow incentives to encourage ingenuity and innovation and to match those positive characteristics with the desire to eliminate gross disparities in income and wealth.