Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

`Conservative' Tax Policy: Adam Smith Said It Best


Readers Report

`CONSERVATIVE' TAX POLICY: ADAM SMITH SAID IT BEST

In view of your usual high standards, it is disappointing to see you use the manipulative term "redistributionist economics" in such a partisan way ("The Democrats finally get it," Editorials, July 27).

All changes in taxes--up or down--constitute redistribution of wealth, not just those that ask the rich to share. The truly conservative position, in contrast to those who now claim to be conservative, is that of Adam Smith. In Wealth of Nations in 1776, he wrote: "The subject of every state ought to contribute toward the support of government as nearly as possible in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state."

Ward McCabe

San Jose, Calif.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus