Jun. 27, 2010 2:41 pm
- "Brunch With Bernie"
- Financial Reform.
- Is it raining oil in Louisiana?
- Bumper Music:
- Live Like We're Dying, Kris Allen.
- Smile, Uncle Kracker.
- Roll On, Kid Rock.
- Anything Goes, Tony Bennett.
- River's Risin', Thom Hartmann Listener Moss Henry.
- Man In The Mirror, Michael Jackson.
- Anything Goes (Chinese), from Indiana Jones and the Temple of Doom.
- Thank God It's Friday, Love and Kisses (video).
- What a Wonderful World, Louis Armstrong.
- Today's newsletter has details of today's guests and links to the major stories and alerts that Thom covered in the show, plus lots more. If you haven't signed up for the free newsletter yet, please do. If you missed today's newsletter, it is in the archive.
- Quote: "The structure of world peace cannot be the work of one man or one party or one nation. It must be a peace which rests on the cooperative effort of the whole world." -- Franklin Delano Roosevelt (1882-1945).
- Speech: New Nationalism Speech by Theodore Roosevelt, 1910.
The absence of effective State, and, especially, national, restraint upon unfair money-getting has tended to create a small class of enormously wealthy and economically powerful men, whose chief object is to hold and increase their power. The prime need to is to change the conditions which enable these men to accumulate power which it is not for the general welfare that they should hold or exercise. We grudge no man a fortune which represents his own power and sagacity, when exercised with entire regard to the welfare of his fellows. Again, comrades over there, take the lesson from your own experience. Not only did you not grudge, but you gloried in the promotion of the great generals who gained their promotion by leading their army to victory. So it is with us. We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community. This, I know, implies a policy of a far more active governmental interference with social and economic conditions in this country than we have yet had, but I think we have got to face the fact that such an increase in governmental control is now necessary.
No man should receive a dollar unless that dollar has been fairly earned. Every dollar received should represent a dollar's worth of service rendered: not gambling in stocks, but service rendered. The really big fortune, the swollen fortune, by the mere fact of its size, acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and in another tax which is far more easily collected and far more effective?a graduated inheritance tax on big fortunes, properly safeguarded against evasion, and increasing rapidly in amount with the size of the estate.