Vanessa S. Williamson, "The Price of Democracy: The Revolutionary Power of Taxation in American History" (Basic Books, 2025) episode artwork

EPISODE · Nov 18, 2025 · 53 MIN

Vanessa S. Williamson, "The Price of Democracy: The Revolutionary Power of Taxation in American History" (Basic Books, 2025)

from New Books in Economics · host Marshall Poe

Americans have always fought over the meaning of freedom and equality. What is not commonly recognized is that the battles most pivotal in defining our democracy, from the framing of the Constitution to the decades-long backlash to the civil rights movement, hinged on one issue—taxes.In The Price of Democracy: The Revolutionary Power of Taxation in American History (Basic Books, 2025), Vanessa S. Williamson challenges the myth that Americans are instinctively anti-tax, revealing that fights over taxes have always been proxies for deeper conflicts over who is included in “We the People.” Poorer people have repeatedly built movements that sought to tax all Americans to create a more equal and democratic nation. Wealthy people have responded by constraining the power to tax and stifling democracy through voting restrictions, gerrymandering, and violence. Yet as hard as anti-tax crusaders have fought to create an America that redistributes not from rich to poor, but from non-white people to rich white people, the battle rages on.The Price of Democracy uncovers how fights for fiscal fairness have defined American history, delivering a powerful message to the present: that taxes are the public’s most powerful weapon in the fight for a real democracy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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Vanessa S. Williamson, "The Price of Democracy: The Revolutionary Power of Taxation in American History" (Basic Books, 2025)

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