Robert M. La Follette Quotes
They are all afraid to face high taxation to pay for the war. The rich won't stand it—and the poor can't stand it.
the post World War I allied leaders
Robert M. La Follette, 1855-1925, Governor of Wisconsin (Republican), U.S. Senator (Republican, WI), Presidential Candidate (Progressive), January 6, 1919
Sourced by: Eigen's Political and Historical Quotations
See Franklin Delano Roosevelt {32528} for the basic principle of progressive taxation.
The Supreme Court had ruled that there could be no limits placed on the amount of money that could be spent by a rich company or person to campaign for a candidate. It would deny them their right to freedom of speech. That was the context of Hollings’ remark.
This was written in 1933 one of the worst years of the Great Depression. Actualy many upper middle calss and rich people were ruined themselves by the Great Depression, but at the same time the ultra rich were living in a "gildd age" and reveled ostentatiously.
Robert Marion "Fighting Bob" La Follette Sr., was an American lawyer and politician. He represented Wisconsin in both chambers of Congress and served as the Governor of Wisconsin. A Republican for most of his career, he ran for President of the United States as the nominee of his own Progressive Party in the 1924 presidential election. Historian John D. Buenker describes La Follette as "the most celebrated figure in Wisconsin history."