Their Fair Share: Taxing the Rich in the Age of FDR Review

  • 4 years ago
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Their Fair Share tells the story of New Deal taxation and explains why it matters today. What did Franklin Roosevelt know about progressive taxation that modern politicians don't? Quite a bit, it turns out. FDR understood, for instance, that fairness matters; efficiency is not the only measure of a "good" tax. The modern income tax is a product of this insight. Often frustrating and certainly imperfect, it still reflects popular notions of social equity and economic justice. At the same time, Roosevelt knew that even a regressive tax can serve the cause of progressive government -- as long as the money gets spent well. The Social Security payroll tax is a case in point. And one that today's progressive leaders should take to heart.