There wasn't an income tax until 1913, for crying out loud, and never was intended to be.
James Madison, of all people, believed in neither an income tax nor a feckless giving to the voters whatever it is they may want. In fact, Madison feared the tyranny of the legislative the most, because the constitution gives it direct access to the pocketbooks of the people.
The story at Marketwatch here is beneath the dignity of any thinking person. It is a laughable farce of a story.
Caroline Baum should be ashamed of it.
