equal protection of the laws

A Tale of Two Countries, Two Economies, One Common Responsibility

The macroeconomist Wu Chia-lung believes China’s economic activity has weakened, predicting the collapse of the CCP. He draws parallels with historical dynasties and points to disguised tax increases, money printing, and citizen revolts. Adam Smith’s views on taxation in the US are also mentioned, particularly the 16th Amendment’s non-proportional federal income tax and its implications for state sovereignty.

What funded the federal government before the income tax?

In 1913, Amendment XVI was ratified by the states, changing the constitutional funding of the federal government from taxes on goods and services to an individual income tax. Learn the history behind the 16th Amendment from The Constitution Annotated: Amdt16.2 Historical Background on Sixteenth Amendment Before the income tax, taxes on imported goods funded our …

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