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1936 › Huey P. Long (Democratic) › Distribution of national income and purchasing power
Share Our Wealth: cap fortunes, guarantee every family a homestead and income
pledge_forwardspecific_pledgereportedevidence C Relief, Welfare & Social InsuranceTaxation⚡ Share Our Wealth movement and Huey Long's assassination similar solutions · similar reasoning
Solution
A wealth tax and redistribution financed by massive federal spending: a guaranteed household grant and annual income, old-age pensions, limits on fortunes.
Rationale
The underlying cause of the Depression was 'the growing disparity between the rich and everyone else.'
Long was dead before the cycle; recorded because his program set the terms the Union Party and the Second New Deal answered.
Statements (1)
To stimulate the economy, the Share Our Wealth program called for massive federal spending, a wealth tax , and wealth redistribution . These proposals drew wide support, with millions joining local Share Our Wealth clubs. Roosevelt adopted many of these proposals in the Second New Deal .
Follow-through
not_applicable
Long was dead; elements of Share Our Wealth (the 1935 Wealth Tax Act, Social Security) had already been absorbed into the Second New Deal, and the movement dissolved into the Union Party.
Other positions on this issue
- A more equitable distribution of national income — higher reward to labor, lower to speculative capital — Franklin D. Roosevelt, 1932 directional_stance
1936-long-share-our-wealth · created by claude-fable-5-1 · review: unreviewed