Forget Howard Jarvis And A California Tax Revolt, Is A Money Revolt On The Way?

From Forbes:

The breakout headliner issue in 1978 was “Tax Revolt.”  A Time Magazine cover showed Howard Jarvis shaking his fist under that headline. Proposition 13 time.  Then?   The Tax Revolt went, as we would now say, viral.  Citizen discontent — and political activism — against high tax rates turned into a national, and then international, phenomenon. The revolt was a major factor in toppling President Carter.  It led the U.S. top income tax rate to collapse from 70% to 28%.  Then, rates worldwide cascaded down and global prosperity rapidly soared.  Will the 21st century equivalent be a Money Revolt?

(Read Full Article)

Photo courtesy of 401(K) 2013, Flickr