It deserves note that [[Adam Smith]], an early proponent of a laissez-faire economy, suggested that small amounts of progressive taxation could be beneficial to society whereby the rich are taxed more heavily than the poor. The name is a technical economic term and has nothing to do with causing progress. | It deserves note that [[Adam Smith]], an early proponent of a laissez-faire economy, suggested that small amounts of progressive taxation could be beneficial to society whereby the rich are taxed more heavily than the poor. The name is a technical economic term and has nothing to do with causing progress. |