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`Conservative' Tax Policy: Adam Smith Said It Best


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`CONSERVATIVE' TAX POLICY: ADAM SMITH SAID IT BEST

In view of your usual high standards, it is disappointing to see you use the manipulative term "redistributionist economics" in such a partisan way ("The Democrats finally get it," Editorials, July 27).

All changes in taxes--up or down--constitute redistribution of wealth, not just those that ask the rich to share. The truly conservative position, in contrast to those who now claim to be conservative, is that of Adam Smith. In Wealth of Nations in 1776, he wrote: "The subject of every state ought to contribute toward the support of government as nearly as possible in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state."

Ward McCabe

San Jose, Calif.


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