Share Our Wealth In Action

Japhy

Banned
Huey Long's planned system to reform Capitalism never had a chance to get off the ground thanks to his Assassination in 1935, had he lived, Biographers tend to fell that he wasn't even going to run for President in 1936 so, any sort of system would have to wait, at least until after the 1940 Presidential Election.

The question I'm wondering though is, what happens if, under any set of circumstances, if the System of Caps on Profit and Guaranteed income had been able to be enacted? Is it bound to be an economic disaster as some say or will it actually have the ability to last for at least a period of time?
 

mowque

Banned
I say it would have been a disaster, more because of Long himself, more then any inherent flaws in the system (which I don't know enough about).
 
Huey Long's planned system to reform Capitalism never had a chance to get off the ground thanks to his Assassination in 1935, had he lived, Biographers tend to fell that he wasn't even going to run for President in 1936 so, any sort of system would have to wait, at least until after the 1940 Presidential Election.

The question I'm wondering though is, what happens if, under any set of circumstances, if the System of Caps on Profit and Guaranteed income had been able to be enacted? Is it bound to be an economic disaster as some say or will it actually have the ability to last for at least a period of time?

LOL........I mean, seriously, if people calling Obama a Marxist now, in modern time, imagine what their reaction would've been if something like this had been introduced.
 
It had not the slightest chance of being enacted. Congress would laugh at him, after all they were hardly lapdogs to Roosevelt in his second term despite the massive 1936 electoral victory, being percieved as the economy's saviour, and congressional dominance of the Democrats. To suggest they'd give Long free reign is baseless.
 

Japhy

Banned
It had not the slightest chance of being enacted. Congress would laugh at him, after all they were hardly lapdogs to Roosevelt in his second term despite the massive 1936 electoral victory, being percieved as the economy's saviour, and congressional dominance of the Democrats. To suggest they'd give Long free reign is baseless.

Well, yes, I am aware of that. When I said "under any set of circumstances" I meant (And I probably should have clarified more, but it made sense in my head when I posted) in any situation where it could happen.

I know yes, it was a highly implausible concept with impossible odds against it, but what I'm interested in, is seeing it from an economic perspective.
 
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