EPISODE · Aug 22, 2025 · 8 MIN
Misrepresenting Adam Smith
from Chairman's Report · host The FAIRtax Guys
Adam Smith is often recognized as the father of modern economics. One passage from his "The Wealth of Nations" is often quoted as proof that Smith favored a progressive income tax. However, that claim doesn't hold up under closer examination. What Smith actually favors is proportional taxation. And that's exactly what the FAIRtax delivers.
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Misrepresenting Adam Smith
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