I DON'T EITHER AND I DID NOT SAY THAT. I SAID THE FAIREST AND MOST PRODUCTIVE WAY FOR THE GOVERNMENT TO COLLECT THE REVENUE TO PAY ITS BILL IS VIA THE PROGRESSIVE INCOME TAX.
I don't believe in wealth transfer, I never mentioned wealth transfer and I don't like people putting words in my post!
FYI
“It was only three years after McCulloch’s warning that Karl Marx and Frederick Engels, in the Communist Manifesto, advocated a heavy progressive tax as a means of despoiling the “bourgeoisie” and softening middleclass society up for the dictatorshp of the proletariat. Walter Bagehot, editor of the London Economist, feared that the Marxians would prevail: he predicted that the progressive tax, in combination with the principle of universal suffrage, would result not only in the destruction of the rich but in the very dissipation of the productive capital which gives society (the poor included) its margins of comfort.
The predictions of McCulloch and Bagehot have not yet come to pass in their ultimate direness; maybe they failed to reckon with the adaptability of man. Psychologically speaking, there is obviously some point where the progressive tax must recoil upon itself, destroying the base from which it might hope to achieve a maximum of “take.” Just where the point is we cannot tell: there is no way of measuring businesses that are unborn, or energies and creative enthusiasms that simply fail to well up. But when a progressive tax dampens the impulse to generate income, then the tax base itself must narrow and diminishing returns set in.”
The Progressive Income Tax
Published in The Freeman: Ideas on Liberty - April 1981
by John Chamberlain
http://www.fee.org/vnews.php?nid=951