Is the Income Tax Unconstitutional?

Wishful thinking, always a temptation, is hazardous. Example: An awful lot of people think the income tax as it applies to private-sector wage earners is illegal -- even unconstitutional -- and they assume that if they can only come up with the right legal arguments, judges will strike down the tax and make America a free society once more. Many such people are in prison today.

It would be nice if their wish came true. But it's not going to happen, for reasons I will discuss here. This is another example of Richman's Maxim: There's no shortcut to a free society.

Read the rest of my latest TGIF column at the Foundation for Economic Education website.

Cross-posted at Free Association.