Tariffs and Taxes - History of U.S. Revenues | S5E20

Taxes and wars go hand in hand. And as much as our current partisan politics suggest otherwise, it wasn't a Democratic U.S. president that ushered in the income tax. It was a Republican president - Honest Abe! And later, it was during another Republican president's term that the income tax became permanent - William Taft. The irony of it is that the poor masses and the progressive middle class pushed for the income tax to get the rich to pay their fair share. Now, the poor and the middle American families seem to shoulder most of the income tax burden.

In this interview, I discuss the following with my guest scholar:

►British taxes on American colonies - justified or not?

►"No Taxation Without Representation"

►Shays' Rebellion - America's first uprising against taxes

►Hamilton's controversial plan for America's debt

►How the federal government paid for itself all those years before the income tax

►How the Civil War changed tariffs and taxes

►Why the U.S. Supreme Court struck down income taxes

►Why the masses pushed for an income tax amendment - did we do this to ourselves!

►How WWI and WWII affected tariffs and income taxes

►Capitalism and Correlation between lower taxes and higher economic activity and investment

🚩About My 3rd Guest Scholar:

• Dr. David Thomson was my 3rd guest in 2021 (since then, I have interviewed 167 guest scholars). He is a professor of history at Sacred Heart University, and the author of Bonds of War: How Civil War Financial Agents Sold the World On the Union"

🚩Other Mentioned Interviews:

►Dr. Barry Eichengreen: Do Democracies Demand More Debt? | S3E32

►Mr. Roger Lowenstein: Putin's Russia and the Confederacy During the Civil War | S2E14

🚩About the Image:

Photo by Jon Tyson on Unsplash.

🚩Adel Aali

host & producer

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