At The Nation, Edward Burmila looks at the social assumptions underlaying the Republican tax deform bill. A snippet:
I think not having the estate tax recognizes the people that are investing, as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.
Upon first reading, I knew I had seen this comment somewhere before. It turns out Grassley was channeling the British economist Thomas Malthus in his seminal Essay on the Principle of Population (1798):
The labouring poor, to use a vulgar expression, seem always to live from hand to mouth. Their present wants employ their whole attention, and they seldom think of the future. Even when they have an opportunity of saving they seldom exercise it, but all that is beyond their present necessities goes, generally speaking, to the ale house.
Malthus spoke to a common mindset among the upper classes that the poor were beyond help. Poverty, it was widely believed, was a sign of a weakness, . . .
Via Gin and Tacos.