There should be a progressive inheritance tax on large fortunes.
Editor's note · Context
Roosevelt proposes a progressive inheritance tax on large fortunes to address wealth inequality.
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One of the chief principles for which I have stood, and for which I now stand, and which I have always endeavored and always shall endeavor to reduce to action, is the genuine rule of the people.
I absolutely agree with you that this matter is not one to be decided with any reference to the personal preferences or interests of any man, but purely from the standpoint of the interests of the people as a whole.
Every special interest is entitled to justice—full, fair, and complete—and, now, mind you, if there were any attempt by mob-violence to plunder and work harm to the special interest, whatever it may be, that I most dislike, and the wealthy…
I care for the great deeds of the past chiefly as spurs to drive us onward in the present.





