that is aside from the point. Rockefeller/Durant/Ford…. built their businesses and set the stage for entire industries based on RISK of their money and that of their investors. The government didn’t say: “have a few $billion, try to build a business. If you fail, that’s ok. Btw, enjoy the fat salary our backstop will allow you”
also btw: excise & property taxes existed before income taxes. The former being explicitly mentioned in the original constitution and the 1st civil war (whiskey) being fought over that matter
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.