Wealth-Redistribution

Huey Long Assassinated, Ending "Share Our Wealth" Challenge to Both Corporate Power and New Deal Moderation

1935-09-08 00:00:00 +0000 UTC | Importance: 7/10

Louisiana Senator Huey P. Long dies on September 10, 1935, two days after being shot by Dr. Carl Weiss in the Louisiana State Capitol, ending the most significant populist challenge to both concentrated wealth and New Deal moderation. Long’s “Share Our Wealth” movement, which he …

Huey Long Carl Weiss Franklin D. Roosevelt Share Our Wealth Society Louisiana political machine wealth-redistribution populism political-assassination new-deal economic-inequality

Revenue Act of 1935 Enacts "Wealth Tax" on Highest Incomes

1935-08-30 00:00:00 +0000 UTC | Importance: 8/10

President Franklin D. Roosevelt signs the Revenue Act of 1935 (49 Stat. 1014) into law on August 30, 1935, over strong opposition from business, the wealthy, and conservatives from both parties, introducing the “Wealth Tax” as the first major New Deal effort to reform federal taxation …

Franklin D. Roosevelt John D. Rockefeller Business Community Democratic Party taxation new-deal wealth-redistribution progressive-taxation regulatory-victory +1 more