Monday, October 17, 2011

A page from the Roosevelt/Long playbook


I was looking at the website www.occupygeorge.com and I realized that if I was an opportunistic politician I would gather up some of the speeches of The Kingfish, Huey Long, and run for senate with the slogan of "Every Man a King." A speech where Long said, "...because in order to cure all of our woes it is necessary to scale down the big fortunes, that we may scatter the wealth to be shared by all of the people."
 You can read the speech for yourself here

But lets be honest, even if I believed that our nations problems could be solved by stealing from one and giving to another I couldn't win in Tennessee with that rhetoric. I would not be surprised if we heard it from states in which a person could. 
It is very difficult to legislate morality and when we do we get into lots of economic trouble. The problem with the occupy wall street logic is they are looking at the wrong pie. Taxes were increased throughout the 30's  in an effort to redistribute the wealth and Roosevelt turned a deep recession into a depression.  Our goal should be to increase the well being of the lowest productive members of our society not by taking from the most productive, but allowing them to invest their dollars back into the economy productively. 
I believe the best welfare program is a job, and jobs are created by cutting taxes and reducing regulation which ensures the growth of an economy and provides more tax revenues as well. We should be taking a page out of the smaller more efficient Kennedy and/or Reagan play book, not the big government Roosevelt and Long one. 

1 comment:

  1. Reagan raised capital gains tax in 1986 if I remember correctly. He stated the wealthiest should pay their fair share the same as the working majority of middle America. At least thats what I remember.

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