Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
The proposal was called "Share Our Wealth", or "the Long Plan", and it was introduced March 1933 during the Great Depression. The basic idea of senator Huey Long's plan was that income over 1 million dollars was taxed at 1 percent. Anything over 2 million would be taxed at 2 percent, and so on, until you get to 100% tax rate on the 100 million dollar amount (or higher). At this point, all that extra money the person earns would go directly to the government. So this would cap anyone from earning over 100 million dollars. In turn, that money would be distributed to other people making less money or put into government programs somehow.
We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.
