Doing a little reading on Huey Long tonight:
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Long was a staunch opponent of the Federal Reserve Bank. Together with a group of Congressmen and Senators, Long believed the Federal Reserve's policies to be the true cause of the Great Depression. Long made speeches denouncing the large banking houses of Morgan and Rockefeller centered in New York which owned stock in the Federal Reserve System. He believed that they controlled the monetary system to their own benefit, instead of the general public's benefit.
As an alternative, Long proposed federal legislation capping personal fortunes, income and inheritances. He used radio broadcasts and founded a national newspaper, the American Progress, to promote his ideas and accomplishments before a national audience. In 1934, he unveiled an economic plan he called Share Our Wealth. Long argued there was enough wealth in the country for every individual to enjoy a comfortable standard of living, but that it was unfairly concentrated in the hands of a few millionaire bankers, businessmen and industrialists.
Long proposed a new progressive tax code designed to limit the size of personal fortunes. The new tax code would tax the first million dollars of wealth at zero. The second million dollars of wealth would be taxed at 1%. The third million at 2%; the fourth million at 4%; the fifth million at 8%; the sixth million at 16%; the seventh million at 32%; the eighth million at 64%; and the remainder at 100%. Income tax rates would be at 100% for all incomes over $1 million.<13>
The resulting funds would be used to guarantee every family a basic household grant of $5,000 and a minimum annual income of $2,000-3,000, or one-third of the average family income. Long supplemented his plan with proposals for free primary and college education, old-age pensions, veterans' benefits, federal assistance to farmers, public works projects, and limiting the work week to thirty hours...
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With the Senate unwilling to support his proposals, in February 1934 Long formed a national political organization, the Share Our Wealth Society. A network of local clubs led by national organizer Reverend Gerald L. K. Smith, the Share Our Wealth Society was intended to operate outside of and in opposition to the Democratic Party and the Roosevelt administration. By 1935, the society had over 7.5 million members in 27,000 clubs across the country. Long's Senate office received an average of 60,000 letters a week. Some historians believe that pressure from Long and his organization contributed to Roosevelt's "turn to the left" in 1935. He enacted the Second New Deal, including the Social Security Act. In private, Roosevelt candidly admitted to trying to "steal Long's thunder."<14>
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http://en.wikipedia.org/wiki/Huey_Long