Tuesday, April 13, 2010

Huey Long, the Union Party, and Share Our Wealth

Huey Long, Louisiana's Kkngfish

EVERY MAN IS A KING-Huey P. Long The Kingfish Legend

From Share Our Wealth - Wikipedia, the free encyclopediaThe key planks of the Share Our Wealth platform included:
  1. No person would be allowed to accumulate a personal net worth of more than 100 to 300 times the average family fortune, which would limit personal assets to between $1.5 million and $5 million. Income taxes would be levied to ensure this. Annual capital levy taxes would be assessed on all persons with a net worth exceeding $1 million.
  2. Every family was to be furnished with a homestead allowance of not less than one-third the average family wealth of the country. Every family was to be guaranteed an annual family income of at least $2,000 to $2,500, or not less than one-third of the average annual family income in the United States. Yearly income, however, cannot exceed more than 100 to 300 times the size of the average family income.
  3. An old-age pension would be made available for all persons over 60.
  4. To balance agricultural production, the government will preserve/store surplus. This is made so no food is wasted.
  5. Veterans are paid what they are owed
  6. 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.
  7. The raising of revenue and taxes for the support of this program was to come from the reduction of swollen fortunes from the top, as well as for the support of public works to give employment whenever there may be any slackening necessary in private enterprise.

Bonus: Randy Newman - Kingfish