The duty rests upon the Government to restrict such incomes by very high taxes.
FDR
The Public Record
Franklin Delano Roosevelt was the 32nd President of the United States, serving from March 4, 1933, until his death on April 12, 1945. A member of the Democratic Party, he was born in New York and is best known for his leadership during two of the most significant crises in American history: the Great Depression and World War II. Roosevelt implemented the New Deal, a series of programs and reforms aimed at economic recovery and social welfare, which fundamentally reshaped the role of the federal government in American life.
I should say you are absolutely right, but I hesitate to say so on the record for fear somebody would start a boom in North American stock.
I do not believe that our present system of taxation completely meets this test.
A tax upon inherited economic power is a tax upon static wealth, not upon that dynamic wealth.
This new proposal for the striking of suitable medals will, I believe, encourage the adequate observance of these anniversaries.
The practice of striking special coins in commemoration of historical events... is a misuse of our coinage system.
The community has profited in those cases in which large-scale production has resulted in substantial economies and lower prices.
It is of primary importance that this work should be done very carefully and under the supervision of an impartial committee.
It should be emphasized that the purposes of this work are to gather and publish reliable information and to counteract any propaganda from private sources which may be designed to promote a special interest.
The objective is to put three and a half million men to work during the coming fiscal year.
We will give you 100 percent cooperation; and on your shoulders rests not only a great responsibility but also, I think, a very splendid opportunity to do a fine service for this country.
We want them to feel that they are getting work, even though the amount they get in pay for their work is somewhat below what they would be able to earn in private jobs.
We cannot discriminate in any of the work we are conducting either because of race or religion or politics.
The National Labor Relations Board is hereby reestablished and continued in existence until July 1, 1935.
The National Industrial Recovery Board created by Executive Order No. 6859 of September 27, 1934, is hereby terminated.
It is hereby ordered that all existing Executive Orders heretofore issued under and by virtue of the authority vested in me by Title I of the National Industrial Recovery Act be, and they are, hereby amended so as to continue them in…
All orders and regulations heretofore issued concerning the administration of Title I of the National Industrial Recovery Act are hereby modified to the extent necessary to make this order fully effective.
The Administrator of the National Recovery Administration shall administer the provisions of Title I of the National Industrial Recovery Act as amended by Senate Joint Resolution No. 113, approved June 14, 1935.





