Supposedly to prime the pump for war which requires massive inflationary deficit spending. Income taxes are basically a form of rationing for socialist war time economies where the government takes over a larger share of production and distribution. Congress did the same thing during the civil war.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!