Friday, July 23, 2010

"Wall Street: Share the Wealth"

"It is impossible for the United States to preserve itself as a republic or as a democracy when 600 families own more of this nation's wealth--in fact, twice as much--as all the balance of the people put together....Here is the whole sum and substance of the share-our-wealth movement:

Every family to be furnished by the government a homestead allowance, free of debt, of not less than one-third the average family wealth of the country....No person to have a fortune of more than l00 to 300 times the average family fortune....

The yearly income of every family shall be not less than one-third of the average family income....No yearly income shall be allowed to any person larger than from l00 to 300 times the size of the average family income....

Education and training for all children to be equal in opportunity in all schools, colleges, universities, and other institutions for training in the professions and vocations of life; to be regulated on the capacity of children to learn, and not on the ability of parents to pay the costs.”

Huey P. Long

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