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Unpredictably, our recent torrent of episodes continues. We take a deep dive into Moore v. United States, which addressed the scope of Congress's constitutional power to tax.
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Transcript
Will: It's one of many mysteries of the Constitutional power to tax. Maybe [unintelligible [crosstalk] And it matters to me a lot that Abraham Lincoln enacted the income tax and the Supreme Court unanimously upheld it in Springer in 1885, and there was a sort of [unintelligible settlement. Now, what to think about the court 5-4 disrupting that settlement in Pollock and 16th Amendment, disrupting the court's disruption, is a little interesting, but I generally would take a liquidation approach.