[Verse 1] Back in nineteen twenty-one, Robert Haig began To define what income means, with a comprehensive plan Consumption plus the change in wealth from year to year This foundation stone of tax, we hold forever dear [Verse 2] Henry Simons built upon what Haig had started right In thirty-eight he refined the rule, made the concept bright Personal Income Taxation showed the way ahead Haig-Simons definition, on which our system's fed [Chorus] Academic works light the way Haig-Simons, Brooks, and Krishna say Income flows from every source Critical thinking sets the course Read with care, compare each view Philosophy will see you through [Verse 3] Neil Brooks questioned family ties and how we tax each home Conjugal relationships, should spouses stand alone? Imputed income from the hearth, provision without pay These concepts challenge how we think about the tax we weigh [Verse 4] Krishna gives us standard texts, fundamentals clear and clean But read with caution, question all, not everything's what it seems While Duff and Freedman dig more deep with academic might More critical analysis brings hidden truths to light [Chorus] Academic works light the way Haig-Simons, Brooks, and Krishna say Income flows from every source Critical thinking sets the course Read with care, compare each view Philosophy will see you through [Bridge] From nineteen twenty-one till now The scholars show us why and how Foundation stones and critical thought The enrichment doctrine can't be bought [Outro] Five great works upon your shelf Understanding tax itself Academic wisdom guides the law Philosophy without a flaw
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