When President Truman Tried his Hand at ”Distributing Wealth” (Pathfinder Magazine, 1949)
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 advocate. Secretary Brannan wanted the government to establish a guaranteed income for farmers, while allowing the market forces to determine the prices of agricultural products.
