The Forgotten Tax Revolt of the 1930s (My Wall Street Journal Op-ed)
Many historians depict the Great Depression as a turning point when bitter economic realities finally led the middle class to break from laissez-faire tradition and demand bigger government. This is not entirely untrue, but it's only part of what happened.
In its initial phase, the Depression also spawned a powerful movement for smaller government that included tax revolts. These revolts were not only more widespread but often more extreme than any sponsored by the tea party.
Depression-era taxpayers had perhaps even greater reason to be angry than their modern counterparts. Property values plummeted after 1929 but tax reassessments lagged. Overall, taxes nearly doubled to 21.1% of national income in 1932 from 11.6% in 1929, according to a 1940 Tax Policy Institute report.
comments powered by Disqus
Robert Higgs - 4/15/2011
Excellent placement, David. I'm betting that many of those who will read your article had never heard of the tax revolts of the 1930s.
Mark Brady - 4/15/2011
Even if it is in the War Street Journal!
- Kissinger Memo from 1972: Make the North Vietnamese think Nixon and I are crazy
- How Much U.S. History Do Americans Actually Know? Less Than You Think.
- Ice cream cone named after Adolf Hitler on sale in India sparks anger in Germany
- Expressing Outrage over Attacks on Cultural Heritage of Iraq, General Assembly Unanimously Adopts Resolution Calling for Urgent Action
- Isis Palmyra demolition has begun with ancient God Lion statue destroyed
- Robert S. Wistrich, Scholar of Anti-Semitism, Dies at 70
- NYT hosts debate including Eric Foner: How Americans should remember Reconstruction
- William Leuchtenburg says historians and the media have been too hard on Obama
- Hugh Ambrose, historian who helped develop WWII Museum, dead at 48
- Historian discounts claim that Churchill and other British PM's were gay