No one seems to remember that the 16th Amendment authorizing an income tax was sold, in part, on the basis that it would result in a tax of 1% or 2% on only the wealthiest.
Now some Democratic presidential candidates are proposing to tax assets — 1% or 2% on only the wealthiest.
Those who fail to learn from the lessons of history are doomed to repeat mistakes — for example, believing in a tax of 1% or 2% on only the wealthiest.
A. Lamont Tyler, Salt Lake City
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