This podcast episode explores the historical connection between a tax on horse-drawn carriages implemented by George Washington and the current discussion around a wealth tax. The debates on the constitutionality of different types of taxes, including the carriage tax, shed light on the implications for modern wealth taxation. It also discusses the Supreme Court case involving the carriage tax, where the Court ruled in favor of Alexander Hamilton, highlighting the Court's approach to constitutional interpretation. The episode concludes by discussing the concept of a wealth tax, its necessity, the opposition it would face, and the constitutional challenges it may encounter.
