So long as we’re on the topic of higher taxes for “worthy causes,” let’s investigate what the founding fathers had to say about this.
In 1794, when Congress appropriated $15,000 for relief of French refugees who fled from insurrection in San Domingo to Baltimore and Philadelphia, James Madison stood on the floor of the House to object saying, “I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents.”
-James Madison, 4 Annals of congress 179 (1794)
Here’s a good quote pertaining to punishing those who get big bonuses, “obscene profits,” etc.
“To take from one, because it is thought his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers, have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to everyone the free exercise of his industry and the fruits acquired by it.”
-Thomas Jefferson, letter to Joseph Milligan, April 6, 1816
And to those who say that we really not giving up that much of our money or conceding that much of our freedom:
“There are more instances of the abridgment of the freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpations.”
-James Madison, speech to the Virginia Ratifying Convention, June 16, 1788
Those cold-hearted founders. What were they thinking?