19 October 2012 0 Comments

Social Security A Tax – Justice Harlan Stone, FDR – and The Forgotten Taxpayer

Cafe Hayek’s Don Boudreaux draws our attention to recurring  themes in American history.

page 229 of Amity Shlaes’s 2007 book, The Forgotten Man:

“At tea at his house the year before, [FDR’s Secretary of Labor Frances] Perkins has sat beside Justice Harlan Stone, and he gave her a tip. She had confided her fears that any great social insurance system would be rejected by his court. Not so, he said, and whispered back the solution: “The taxing power of the federal government my dear; the taxing power is sufficient for everything you want and need.” If the Social Security Act was formulated as a tax, and not government insurance, it could get through.”

The Forgotten Taxpayer  READ MORE Mises William Sumner Graham

“… the state cannot get a cent for any man without taking it from some other man, and this latter must be a man who has produced and saved it. This latter is the Forgotten Man.” or, as The Liberty Blog calls him/her “The Forgotten Taxpayer”

Leave a Reply