Earlier quoted context omitted.
The revolution in the US from England started with a tax revolt. The founders hoped to create a new nation where the government didn't try and maximize its tax on citizens and just tax enough to maintain the functions of government. The wealthy were not taxed at high rates in the US and Federal revenue was around 3% of GDP until the income tax was implemented. One could hope for a governing class that would let peopl…
> The founders hoped to create a new nation where the government didn't try and maximize its tax on citizens and just tax enough to maintain the functions of government. That's not at all what they hoped to create. The colonists didn't write no taxation or minimize taxation but no taxation without representation . Don't take my word for it, though, they wrote up a whole list of grievances (most of which have to do wi…
They were happy to tax themselves -- they just didn't want to get taxed by England.