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Wall Street Journal Opposes the Flat Tax

Written by Gary North on November 16, 2011

The Wall Street Journal published an article opposing the flat tax. The author is Alan Blinder, a former Vice President of the Board of Governors of the Federal Reserve System.

Blinder was a big supporter of the “cash for clunkers” program, which destroyed used cars at government expense. He teaches at Princeton University, where Bernanke and Paul Krugman are faculty members. He is a liberal Keynesian.

The article is a pitch for taxing the rich more than the poor by means of graduated income tax rates. This is the opposite of the Bible’s principle of the tithe: everyone is supposed to pay the same percentage.

Graduated taxation is theft, pure and simple. It is democratic in the sense that two wolves and a sheep vote on what to have for dinner. The graduated income tax is the modern statist’s version of the commandment against theft: “Thou shalt not steal, except by majority vote.”

The fact that the nation’s leading business journal publishes such a call to theft by ballot box indicates the suicidal nature of business leadership today. These men are willing to dig their own graves in order to satisfy liberals.

The intellectual leadership of the business community is compromised at the core. It is imperative that Tea Party members break with such leadership. Do not feel intimidated. These people think they are wiser than God. They aren’t.

Continue Reading on online.wsj.com

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2 thoughts on “Wall Street Journal Opposes the Flat Tax

  1. The WSJ published Blinder's editorial. They have a long history of publishing editorials in stark contrast to the editorial board's stance on a number of issues. I think what the editorial board is to trying to provoke informed thought on a number of issues. Typically, I think Blinder is way off base as he supported more stimulus, etc. But in this particular article I thought he brought up a number of interesting thoughts though I'm not sure I'd be willing to say I agree with him at this point. The point is this: if ya'll don't know the difference between informed debate and parroting old "he/she/they agree with me" dogma, you yourselves don't deserve to be read.

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