✓ Verified in Socialism: An Economic and Sociological Analysis
From Socialism: An Economic and Sociological Analysis — surrounding passage
“Nothing is more calculated to make a demagogue popular than a constantly reiterated demand for heavy taxes on the rich. Capital levies and high income taxes on the larger incomes are extraordinarily popular with the masses, who do not have to pay them.”
This edition's rights do not permit showing surrounding text here; the quotation itself is confirmed against the archive's copy of Socialism: An Economic and Sociological Analysis.