Victor L. Berger Quotes
Tax the profiteers.
“Profiteers” had two general meanings at the time: First there was the specific set of industrialists who had made large profits out of the First World War. For many it also included capitalists who made large profits.
Victor L. Berger, 1860-1929, U. S. Congressman (Socialist, WI), Campaign Slogan
Sourced by: Eigen's Political and Historical Quotations
An income tax had been instituted during the Civil War but had lapsed. Existing taxes were all excise or head taxes—very regressive. Later there was a political movement to bring back the income tax with the intention of taxing all income equally. There was a titanic struggle which culminated in a Constitutional Amendment allowing the income tax. None of the original politicians, for or against, the income tax could never imagine an income tax that would charge lower rates for investment income. That was the entire purpose of the income tax at the beginning—to tax investment (unearned) income. The “capital gains tax” was the creative way of the rich getting back some of what they thought the lost when the income tax was instituted.
In modern America, there are two political views of this notion. The one held by a small majority of the population is Trenchard’s quotation taken literally. Their view is that there if the is no way to maintain liberty if there is too wide a gap between the rich and the rest of the population. The second variant, held by many conservatives limits the equality to equality of opportunity. They are loathe to take any position that says that any gap between the rich and the remainder of the citizens might be too large. They would particularly disagree with the first sentence of another Trenchard quotation, {627024}.
Victor Luitpold Berger was an Austrian-American socialist politician and journalist who was a founding member of the Social Democratic Party of America and its successor, the Socialist Party of America. Born in Austria-Hungary, Berger immigrated to the United States as a young man and became an important and influential socialist journalist in Wisconsin. He helped establish the so-called Sewer Socialist movement. Also a politician, in 1910, he was elected as the first Socialist to the U.S. House of Representatives, representing a district in Milwaukee, Wisconsin.
