by Sennholz
[Tax and Tax: Professor Sennholz on the New Tax Schemes]: Hans Sennholz critiques the 1968 tax reform proposals suggested by Treasury Secretary Henry Fowler under the Johnson Administration. He argues that increasing taxes on the wealthy and eliminating exemptions for municipal securities destroys the productive capital necessary for job creation and economic growth, ultimately harming the poor. Sennholz further condemns proposed restrictions on international travel and estate tax increases as manifestations of political radicalism and tyranny that threaten private property and individual liberty.
Hans Sennholz critiques the 1968 tax reform proposals suggested by Treasury Secretary Henry Fowler under the Johnson Administration. He argues that increasing taxes on the wealthy and eliminating exemptions for municipal securities destroys the productive capital necessary for job creation and economic growth, ultimately harming the poor. Sennholz further condemns proposed restrictions on international travel and estate tax increases as manifestations of political radicalism and tyranny that threaten private property and individual liberty.
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