Provisions of "Share Our Wealth"

Every Man A King: The Autobiography Of Huey P. Long

"Share Our Wealth (Text) and "Barbecue Speech" (Video)

The key planks of the Share Our Wealth platform.

Long proposed a new progressive tax code designed to limit the size of personal fortunes. The new tax code would tax the first million dollars of wealth at zero. The second million dollars of wealth would be taxed at 1%. The third million at 2%; the fourth million at 4%; the fifth million at 8%; the sixth million at 16%; the seventh million at 32%; the eighth million at 64%; and the remainder at 100%. Income tax rates would be at 100% for all incomes over $1 million.

The resulting funds would be used to guarantee every family a basic household grant of $5,000 and a minimum annual income of $2,000-3,000 (or one-third the average family income). Long supplemented his plan with proposals for free primary and college education, old-age pensions, veterans' benefits, federal assistance to farmers, public works projects, and limiting the work week to thirty hours.
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See also: Financial Success - The American Dream
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