Dad2three
Gold Member
Fine, I'll limit it to that: Today patriots will need to defend the U.S. from a great threat to our nation and the founders who created it, by following the admonish of Mr B. Franklin who reminded us we have a Republic if we can keep it.
Since our Republican form of government is currently owned by the power elite, the Capitalists, we need to protect capitalism and our nation from the Plutocrats, those capitalist who will never stop in their quest to establish a lassiez fair form of non governance, where rules and regulations no longer exist.
I see no reason to assume that the Founding Fathers would have preferred for the State to control the entirety of the wealth any more than Plutocrats.
That in itself would be a rather lassiez fair of looking at things.
I don't suggest that regulation or rules don't serve their place ... Just that where they may limit options, they certainly do not produce better conditions for everyone.
No regulation or rule will ever make you as wealthy as the top 1% ... Nor will it give you what it takes for them to remain at the top.
So then ... Your argument is reduced to measures set forth to limit wealth ... Not produce it.
.
Adam Smith, Thomas Jefferson, and other fellow travelers
If there was one thing the Revolutionary generation agreed on — and those guys who dress up like them at Tea Party conventions most definitely do not — it was the incompatibility of democracy and inherited wealth.
With Thomas Jefferson taking the lead in the Virginia legislature in 1777, every Revolutionary state government abolished the laws of primogeniture and entail that had served to perpetuate the concentration of inherited property. Jefferson cited Adam Smith, the hero of free market capitalists everywhere, as the source of his conviction that (as Smith wrote, and Jefferson closely echoed in his own words), "A power to dispose of estates for ever is manifestly absurd. The earth and the fulness of it belongs to every generation, and the preceding one can have no right to bind it up from posterity. Such extension of property is quite unnatural." Smith said: "There is no point more difficult to account for than the right we conceive men to have to dispose of their goods after death."
Stephen Budiansky s Liberal Curmudgeon Blog Adam Smith Thomas Jefferson and other fellow travelers
The causes which destroyed the ancient republics were numerous; but in Rome, one principal cause was the vast inequality of fortunes. Noah Webster
The disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiments. Adam Smith
Death, Taxes, and the American Founders
But in the case of the estate tax, the founders struggled with the same issues that we struggle with today. And many of them—though not all—believed that taxing and reducing large estates was a good idea, for it benefited society as a whole
...So, as with other political issues—even independence itself—Revolutionary-era Americans held a range of views on how much property people should be allowed to pass on to their children. But one thing is certain: They hoped to prevent the emergence of a small group of people with perpetual wealth and thus perpetual privilege -
History News Network Death Taxes and the American Founders