It seems like a tough nut to swallow, but 12 years before President Obama was even born – U.S. President Harry S. Truman plugged the idea of ‘wealth distribution’ as a portion of a piece of proposed legislation that has come to be known as the “the Fair Deal”. The president’s scheme was introduced to the nation in his 1949 State of the Union address, it was composed of “21 points” and the element that is discussed in the attached article involving distribution of income was called the Brannan Plan – for it was U.S. Secretary of Agriculture Charles F. Brannan (1903 – 1992) who was its pitchman. Secretary Brannan wanted the Federal Government to establish a guaranteed income for farmers, while allowing the market forces to determine the prices of agricultural products.
Portions of President Truman’s pitch for the Brannan Plan are contained herein, as are the thoughts of columnist Felix Morely:
“One must hope that Mr. Truman did not mean all that might easily be read into those words. ‘Equitable distribution of the income’ sounds good. But the national income in the aggregate proceeds from what individuals produce… A nation cannot strengthen itself, nor strengthen the weak, by weakening its strong.”
In the Twenties, by contrast, President Coolidge once remarked that “farmers don’t make much money” and went on to say that the Federal Government has no power to change that.
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