We have to limit fortunes. Our present plan is that we will allow no one man to own more that $50,000,000. We think that with that limit we will be able to carry out the balance of the program. It may be necessary that we limit it to less than $50,000,000. It may be necessary, in working out of the plans that no man’s fortune would be more than $10,000,000 or $15,000,000. But be that as it may, it will still be more than any one man, or any one man and his children and their children, will be able to spend in their lifetimes; and it is not necessary or reasonable to have wealth piled up beyond that point where we cannot prevent poverty among the masses.
Huey P. Long's vision of wealth distribution was a bold proposition for his time. Especially after the onset of the great depression. I understand how he feels that wealth should be spread throughout the working classes however I feel he walks a fine line when regulating how someone can earn or spend their money. He refers often to the Deceleration of independence when mentioning the pursuit of happiness but how can one person limit another persons ability to earn money and still live by those words? Other forms of regulating such as higher taxes or creating laws to prevent monopolizing the market I think are a more reasonable approach than putting a cap on how much you can earn. Especially in a country which allows its people simple liberties such as earning a living with no government resistance.