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Why is it so hard to tax billionaires? (Part 1)

1724.98 - 1742.726 PJ Vogt

The progressives and the populists who wanted an income tax had to face down a big opponent, a powerful Republican politician named Nelson Aldrich. Nelson Aldrich, very opposed to the idea of an income tax. He'd referred to the concept at one point as communistic, which, maybe a little bit.

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