The Power to Destroy: How the Antitax Movement Hijacked America

Michael J Graetz

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Language: English

Published by Princeton University Press, 2024

0691225540 / 9780691225548

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Seller: World of Books (was SecondSale), Montgomery, IL, U.S.A.World of Books (was SecondSale)

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How the antitax fringe went mainstream?and now threatens America?s futureThe postwar United States enjoyed large, widely distributed economic rewards?and most Americans accepted that taxes were a reasonable price to pay for living in a society of shared prosperity. Then in 1978 California enacted Proposition 13, a property tax cap that Ronald Reagan hailed as a ?second American Revolution,? setting off an antitax, antigovernment wave that has transformed American politics and economic policy. In The Power to Destroy, Michael Graetz tells the story of the antitax movement and how it holds America hostage?undermining the nation?s ability to meet basic needs and fix critical problems.In 1819, Chief Justice John Marshall declared that the power to tax entails ?the power to destroy.? But The Power to Destroy argues that tax opponents now wield this destructive power. Attacking the IRS, protecting tax loopholes, and pushing tax cuts from Reagan to Donald Trump, the antitax movement is threatening the nation?s social safety net, increasing inequality, ballooning the national debt, and sapping America?s financial strength. The book chronicles how the movement originated as a fringe enterprise promoted by zealous outsiders using false economic claims and thinly veiled racist rhetoric, and how?abetted by conservative media and Grover Norquist?s ?taxpayer protection pledge"?it evolved into a mainstream political force.The important story of how the antitax movement came to dominate and distort politics, and how it impedes rational budgeting, equality, and opportunities, The Power to Destroy is essential reading for understanding American life today.…

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Title
The Power to Destroy: How the Antitax Movement Hijacked America
Author
Michael J Graetz
Publisher
Princeton University Press
Publication year
2024
Condition
Very Good
Binding
Hardback
Language
English
ISBN 10
0691225540
ISBN 13
9780691225548

World of Books (was SecondSale)

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Founded in 2002, World of Books is a leading online destination for buying and selling both preloved and new books, committed to making sustainable reading accessible to all. With a mission to help people read more and waste less, World of Books offers a huge range of affordable, high-quality books — giving both new and preloved titles a second life. The company also operates World of Books – Sell Your Books, an easy-to-use platform that allows customers to trade in unwanted books for cash, helping to keep books in circulation while promoting sustainability. As a Certified B Corp, World of Books is driven by a vision to become the world’s largest and most sustainable dedicated online bookstore. The company measures its success through the positive environmental impact it creates, the value it provides to customers, and its ability to operate profitably while supporting its sustainable mission …

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