A moderate, but progressive, income tax, carefully devised to fall genuinely on those who ought to pay, would, I believe, be a good thing; but a heavy and heavily progressive inheritance tax on great fortunes would be a far better thing.
He compares the merits of a progressive income tax with a heavier inheritance tax on great fortunes.
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More from Teddy Roosevelt
I will accept the nomination for President if it is tendered to me, and I will adhere to this decision until the convention has expressed its preference.
France is one of these nations. For her to sink would be a loss to all the world.
The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood.
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