It mentions some comments FDR made about organized money, I can only assume these are the rich people you’re talking about.
In 1936, while campaigning for a second term, FDR told a roaring crowd at Madison Square Garden that “The forces of ‘organized money’ are unanimous in their hate for me—and I welcome their hatred.”
He went on: “I should like to have it said of my first Administration that in it the forces of selfishness and of lust for power met their match, [and] I should like to have it said of my second Administration that in it these forces have met their master.”
What is my take away supposed to be from The New Deal? There were some good programs, some not so good programs, and it didn’t bring us out of the depression, the war effort did that. So……?
80+ years of history have passed since it ended, so I’m not sure what exactly you want me to look for in that time period.
The idea that rich people exist is not new. There are rich people in the Bible, that book is old as hell, and people were bitching about them back then too. Some percentage of the population will always find a way to get rich. Oh well.
What you should be looking in the New Deal is the Revenue Act of 1935: https://en.m.wikipedia.org/wiki/Revenue_Act_of_1935. That kind of taxation was ended by Ronald Reagan, and since then, economy has shifted to the commoditization of everything that you can speculate with (housing, food, medicine, etc). Without limits, there’s been a polarization of wealth and a growth of inequality (see the Gini index, or even, the disparity in salaries).
It’s not about the rich. Nobody is against the rich, but the rich (and the system) need rules and limits, without it, you allow some people to amass so much wealth that the system starts to collapse.
See that I’m only talking about billionaires, not millionaires or wealthy people. These billionaires are the most powerful people in human history, and we don’t have a way to deal with them. We got rid of kings, and powerful individuals in the past when they tried to exploit populations, but we never faced people as powerful as these billionaires, so maybe we can’t put a leash on them. It’s a difficult challenge.
It’s funny you mention the Bible. If you are a religious person, I guess, by you attitude here, that you’d say to Moses “Oh! Stop bitching about the pharaoh! Just do your job and don’t complain!” Right?
I had a general knowledge of the New Deal, but read this as a refresher.
https://www.history.com/topics/great-depression/new-deal
It mentions some comments FDR made about organized money, I can only assume these are the rich people you’re talking about.
What is my take away supposed to be from The New Deal? There were some good programs, some not so good programs, and it didn’t bring us out of the depression, the war effort did that. So……?
80+ years of history have passed since it ended, so I’m not sure what exactly you want me to look for in that time period.
The idea that rich people exist is not new. There are rich people in the Bible, that book is old as hell, and people were bitching about them back then too. Some percentage of the population will always find a way to get rich. Oh well.
Dude, please…
What you should be looking in the New Deal is the Revenue Act of 1935: https://en.m.wikipedia.org/wiki/Revenue_Act_of_1935. That kind of taxation was ended by Ronald Reagan, and since then, economy has shifted to the commoditization of everything that you can speculate with (housing, food, medicine, etc). Without limits, there’s been a polarization of wealth and a growth of inequality (see the Gini index, or even, the disparity in salaries).
It’s not about the rich. Nobody is against the rich, but the rich (and the system) need rules and limits, without it, you allow some people to amass so much wealth that the system starts to collapse.
See that I’m only talking about billionaires, not millionaires or wealthy people. These billionaires are the most powerful people in human history, and we don’t have a way to deal with them. We got rid of kings, and powerful individuals in the past when they tried to exploit populations, but we never faced people as powerful as these billionaires, so maybe we can’t put a leash on them. It’s a difficult challenge.
It’s funny you mention the Bible. If you are a religious person, I guess, by you attitude here, that you’d say to Moses “Oh! Stop bitching about the pharaoh! Just do your job and don’t complain!” Right?
Whatever…