Consider this:
A conservative estimate is that about sixty-five or seventy per cent of the entire wealth of the United States is owned by two per cent of the people. Sixty-eight per cent of the whole people living in the United States own but two per cent of its wealth.
Where do you think this comes from? A Barney Frank pitch for FinReg? A Nancy Pelosi fundraiser? Tim Noah’s latest income-inequality whine? No, it comes from a 1918 Letter to the Editor written by the Kingfish himself, Huey P. Long.
More from 1918:
From the year 1890 to 1910, the wealth of this nation trebled, yet the masses owned less in 1910 than they did in 1890 and a greater per cent of the people lived in mortgaged and rented homes in 1900 than in 1890, and more lived in rented and mortgaged homes in 1910 than did in 1900.
This is the condition, north, east, south and west; with wealth concentrating, classes becoming defined, there is not the opportunity for Christian uplift and education and cannot be until there is more economic reform. This is the problem that the good people of this country must consider.
It was a scam then; it’s a scam now. The only class that ever wins at class warfare is the political class.
