Income Source Quotes



This used to be a generally accepted principle in America. It took labor to produce wealth. It could be someone else’s labor or even slave labor, but labor produced things or labor enabled us to find minerals like gold or oil. However, in modern capitalism, money itself can produce wealth by investing or yielding interest. Inventions produce wealth as do other ideas. Authors and movie producers produce wealth. Who you know can produce wealth (finder’s fees) as can knowledge.


The original constitution allowed federal taxes on the states or on the people to be levied only proportional to the number of people in the state—a so called “head tax” of “poll tax.” This was a very regressive form of taxation since the rich could only be taxed the same amount as the poor even though they could afford much more and the poor could hardly afford anything at all. This amendment paved the way for the income tax where a percentage of income could now be taxed.