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Teddy Roosevelt on the Estate Tax, 100 Years Ago

(AP Photo)

We speak Wednesday about the estate tax debate in Congress. That tussle comes 100 years after then ex-President Teddy Roosevelt gave his famous “New Nationalism” speech, in which he discussed how America should deal with fortunes and inheritance.

TEDDY ROOSEVELT ON THE ESTATE TAX, 1910:

We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community … The really big fortune, the swollen fortune, by the mere fact of its size, acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and … a graduated inheritance tax on big fortunes, properly safeguarded against evasion, and increasing rapidly in amount with the size of the estate.

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On Point Blog
Our Week In The Web: February 27, 2015
Friday, Feb 27, 2015

We won’t lead you into a debate on the color of #TheDress (it’s blue and black, end of debate), but we do wonder about the blurring lines between so-called Internet culture and general popular culture. Also, it’s snowing in Boston. Still.

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Two Congressmen Weigh In On DHS Funding
Tuesday, Feb 24, 2015

Rep. Jim Jordan of Ohio and Rep. Chris Van Hollen of Maryland present their views on the ongoing Congressional budget fight over Department of Homeland Security funding. (Spoiler: They do not agree on a resolution of the crisis).

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Our Week In The Web: February
Friday, Feb 20, 2015

We explain what happened with the old podcast feed this week and last, share some other Oscar categories and reminisce about the golden days of Double Rainbows and Honey Badgers who just don’t care.

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