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View Diary: Wealth Condensation: Why the Rich Get Richer (172 comments)

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  •  Yes. (11+ / 0-)
    What's needed as we and other nations proved is protective preventative progressive taxation.
     
    Wall Street’s plutocrats were aghast! They had long been accustomed to wielding tremendous control over the government’s economic policies, including the use of U.S. forces to protect their precious foreign investments. Because of Butler’s steadfast military role in upholding U.S. business interests abroad, the plotters mistakenly thought they could recruit him to muster a “super-army” of veterans to use as pawns in their plan to subjugate or, if necessary, eliminate FDR.

    FDR's inauguration speech speaks to what is now currently happening.

    Shall we abandon the reasonable support and regulation of banking? Shall we restore the dollar to its former gold content?

    Shall we say to the farmer, "The prices for your products are in part restored. Now go and hoe your own row?"

    Shall we say to the home owners, "We have reduced your rates of interest. We have no further concern with how you keep your home or what you pay for your money. That is your affair?"

    Shall we say to the several millions of unemployed citizens who face the very problem of existence, of getting enough to eat, "We will withdraw from giving you work. We will turn you back to the charity of your communities and those men of selfish power who tell you that perhaps they will employ you if the Government leaves them strictly alone?"

    Shall we say to the needy unemployed, "Your problem is a local one except that perhaps the Federal Government, as an act of mere generosity, will be willing to pay to your city or to your county a few grudging dollars to help maintain your soup kitchens?"

    Shall we say to the children who have worked all day in the factories, "Child labor is a local issue and so are your starvation wages; something to be solved or left unsolved by the jurisdiction of forty-eight States?"

    Shall we say to the laborer, "Your right to organize, your relations with your employer have nothing to do with the public interest; if your employer will not even meet with you to discuss your problems and his, that is none of our affair?"

    Shall we say to the unemployed and the aged, "Social security lies not within the province of the Federal Government; you must seek relief elsewhere?"

    Shall we say to the men and women who live in conditions of squalor in country and in city, "The health and the happiness of you and your children are no concern of ours?"

     

    In the hands of a people’s government this power is wholesome and proper. But in the hands of political puppets of an economic aristocracy, such power would provide shackles for the liberties of the people. Give them their way and they will take the course of every aristocracy of the past – power for themselves, enslavement for the public."
    http://www.janda.org/...
    /1934-1945%20Roosevelt/FDR36.html
     

    Democrats - We represent America!

    by phonegery on Sat Sep 24, 2011 at 04:52:02 PM PDT

    [ Parent ]

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