"I want to talk for a few minutes with the people of the United States about banking... I can assure you that it is safer to keep your money in a reopened bank than under the mattress... It is your problem no less than it is mine. Together we cannot fail." — Franklin D. Roosevelt, First Fireside Chat, March 12, 1933
Compared with FDR's gradualist tone, Huey Long's "Share Our Wealth" plan called for:
- A
A return to laissez-faire economics and the gold standard
- Bcheck_circle
A more radical redistribution of income through steep wealth caps
- C
Reduction of federal banking regulation to pre-1929 levels
- D
Immediate abolition of the federal income tax
Explanation
Long's plan demanded confiscatory taxes on the wealthy and a guaranteed minimum income, going well beyond New Deal reforms.