Nearly 50 years ago, a famous American gave a speech that advocated spreading the wealth.
In some countries, this notable stated, “a few families are fabulously wealthy, contribute far less than they should in taxes, and are indifferent to the poverty of the great masses of the people.” “A country in this situation,” he went on, “is fraught with continual instability.”
Just who made this spread-the-wealth declaration against the dangers societies invite when they let wealth concentrate? The then-president of the United States, Dwight D. Eisenhower.
