MONEY IS THE BLOOD OF THE ECONOMY AND MUST CIRCULATE FOR HEALTH AND HAPPINESS America may soon become a society controlled by an inbred aristocracy - due to the absence of effective State, and, especially, national, restraint upon unfair money-getting has tended to create a small class of enormously wealthy and economically powerful men, whose chief object is to hold and increase their power. If nothing changes, Democracy is at risk - Public policy should seek to limit inequality for political as well as economic reasons: Great wealth in the hands of a few poses a danger to democracy in America. Tax free unearned income is “an undemocratic distribution of wealth.” America must limit inherited wealth through heavy taxation of estates. President Theodore Roosevelt’s solution was “a graduated inheritance tax on big fortunes ... increasing rapidly in amount with the size of the estate.”
Posted on: Sat, 29 Mar 2014 15:58:20 +0000
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