That's fascinating if true, since the power to tax is the power to destroy. I don't see a clean division around a domain on which a retroactive tax is justified.
I had a hard time coming up with a good citation for this. Retroactive taxes seem to be legally controversial whenever introduced, and they're usually retroactive only to the beginning of the year introduced. Could you point me towards a better link?
Yeah I've never heard of that, even retroactive tax in a given year is new and controversial. I'd have to think that a massive retroactive tax would be considered an unconstitutional takings.
I had a hard time coming up with a good citation for this. Retroactive taxes seem to be legally controversial whenever introduced, and they're usually retroactive only to the beginning of the year introduced. Could you point me towards a better link?