5:27 pm February 15, 2010, by Jay
“Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”
– Abraham Lincoln,
Message to Congress, Dec. 3, 1861
I wonder what our first Republican president would say about laws that tax capital gains at a much lower rate than they tax a person’s labor.
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