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viva [34]
3 years ago
5

What did Huey Long’s Share-the-Wealth proposal depend on for funding?

History
2 answers:
lidiya [134]3 years ago
8 0

Answer:

Funding.

Explanation:

Oksi-84 [34.3K]3 years ago
6 0

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.

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<em>With the collapse of the Soviet Union in 1991, containment no longer made sense, so in the past ten years, the United States has been redefining its foreign policy. What are its responsibilities, if any, to the rest of the world, now that it has no incentive of luring them to the American "side" in the Cold War? Do the United States still need allies? What action should be taken, if any, when a "hot spot" erupts, causing misery to the people who live in the nations involved? The answers are not easy. </em>

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