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The Power to Destroy: How the Antitax Movement Hijacked America by Graetz, Michael J. is a nonfiction available to read on EtoBox.

What is The Power to Destroy: How the Antitax Movement Hijacked America about?

How the antitax fringe went mainstream—and now threatens America's future The postwar United States enjoyed large, widely distributed economic rewards—and most Americans accepted that taxes were a reasonable price to pay for living in a society of shared prosperity. Then in 1978 California enacted Proposition 13, a property tax cap that Ronald Reagan hailed as a "second American Revolution," setting off an antitax, antigovernment wave that has transformed American politics and economic policy. In The Power to Destroy , Michael Graetz tells the story of the antitax movement and how it holds America hostage—undermining the nation's ability to meet basic needs and fix critical problems. In 1819, Chief Justice John Marshall declared that the power to tax entails "the power to destroy." But The Power to Destroy argues that tax opponents now wield this destructive power. Attacking the IRS, protecting tax loopholes, and pushing tax cuts from Reagan to Donald Trump, the antitax movement is threatening the nation's social safety net, increasing inequality, ballooning the national debt, and sapping America's financial strength. The book chronicles how the movement originated as a fringe e

Who reads The Power to Destroy: How the Antitax Movement Hijacked America?

Author

Graetz, Michael J.

Publisher

Princeton University Press

Published

2024

Language

EN

ISBN

9780691225555

Category

nonfiction

Subjects

Social Science, Finance, Economics