Marxism Lives
Mises ^
Posted on Thursday, July 31, 2008 6:06:25 PM by newbie2008
If old Karl Marx, the embittered inventor of communism, could return from the grave, he would no doubt be surprised to find that most of the 10 planks of his Communist Manifesto, issued in 1848 in collaboration with Frederick Engels, have been happily adopted or are at least supported by Americans.
Let’s look at the 10 planks:
1. “Abolition of property in land and application of all rents of land to public purposes.” Well, we’re working on this one. The federal government owns huge amounts of land and is acquiring more. Private property rights are being eroded deliberately in the name of protecting the environment.
2. “A heavy progressive or graduated income tax.” Need I say more? Before Ronald Reagan’s tax law changes we had exactly that and many Americans support the idea of taxing the rich more than the less-rich.
3. “Abolition of all rights of inheritance.” We haven’t gone all the way on that one, but heavy estate taxes are a step in that direction. Estate taxes are purely punitive because they are taxes levied on assets on which multiple taxes have already been paid many times.
4. “Confiscation of the property of emigrants and rebels.” Well, our forefathers confiscated the property of those who supported the British during the Revolution, and, under the Racketeer Influenced and Corrupt Organizations Act and other civil statutes, property is being confiscated right and left in the name of the war on drugs.
5. “Centralization of credit in the hands of the state . . . .” Pretty much done. See the Federal Reserve Act.
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