Comment: Their Fair Share: Taxing the Rich in the Age of F D Roosevelt.

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Their Fair Share: Taxing the Rich in the Age of F D Roosevelt.

“Our revenue laws have operated in many ways to the unfair advantage of the few, and they have done little to prevent an unjust concentration of wealth and economic power,” - President Franklin Delano Roosevelt in 1935.

Henry J. Morgenthau Jr., Jacob Viner, and Herman Oliphant (Treasury officials) differed on whether to “soak the rich” through steep progressive levies or “save the poor” by extending the income tax to the middle class and forestalling federal consumption taxes.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul