Redistibution of Wealth Essay -- essays research papers

Redistribution Of WealthOctober 1929 the United States of America went into a state of great mental picture. Millions of Americans lost their jobs, their homes and went deeply in debt. The reasons for the great depression were the over production of goods, higher tariffs, over speculation of the stock market, unregulated banking and the misdistribution of wealth. The president of the time Franklin Delano Roosevelt enacted a solution called The New Deal. This plan include emergency measures for industrial recovery, agricultural recovery and short-term emergency championship of the jobless. Huey Long a senator from Louisiana was the biggest opposition to Roosevelt. Long proposed tax incomeing the privileged to give to the poor. The government should not use its taxing power to spread the wealth in America.Huey Longs plan of reform surround on socialism. He proposed that every family have the reasonable comforts of aliveness up to 5,000,000 dollars. All family fortunes should be b etween 1,500,000 and 5,000,000. The yearly income should be no less then 2,000. Long wanted to regulate working hours, and try pensions for people over 60. Huey planned on paying the veterans of wars and provide compeer and free education. Finally Huey Long wanted to raise the revenue and tax on the top inheritance. Share Our Wealth by soaking in the rich, he would make every man a king. The first reason that the governm...