‘Soak the Rich”
(Pathfinder Magazine, 1935)
‘SOAK THE RICH!’ has been a popular slogan for generations. President Roosevelt knows the people and he knows that this cry is even more popular now than it ever was before. Taxes which increase the cost of living and hang so heavily on the poor cannot be popular… But pick some taxes that bear down on the rich and – and then you have something which everyone will hurrah for. The number of rich are comparatively few, and hence their votes and influence can be disregarded entirely.
President Roosevelt’s plan was to tax this minority for 75 percent of their income.
To read about the dwindling good fortune of the rich, click here…
