Abe was the first Republican president.
But, was he also a Socialist?
President Abraham Lincoln signed the Tax Act of 1862, which imposed a "duty of three per centum" on all income over $600, and five percent on income over $10,000.
The idea is that the wealthy pay a larger share of their income because they are more able to afford it. To the extent the government then gives some of the money to the less-wealthy through various programs, you could say the income is being redistributed.
Socialist or not?
But, was he also a Socialist?
President Abraham Lincoln signed the Tax Act of 1862, which imposed a "duty of three per centum" on all income over $600, and five percent on income over $10,000.
The idea is that the wealthy pay a larger share of their income because they are more able to afford it. To the extent the government then gives some of the money to the less-wealthy through various programs, you could say the income is being redistributed.
Socialist or not?