Unequal Distribution of Wealth Quotes
He was a strong foe of both Communism and Capitalism. He was one of the first critics to describe the de facto inequality of Communism.
At the time there were tax breaks for large yachts but not for small boats that a middle class person might own. It was another example of the tax laws at the time where the poor paid only Social Security taxes, and the rich lobbied for an got very large tax breaks and subsidies and hence the burden was carried by an increasingly stressed middle class and by cuts in services to the needy. The companies that made the yachts also supported the tax breaks as did the unions and workers in the industry. See {624985}. .
This problem of capitalism needs solving, but has existed as long as capitalism has.
Most people who hear this quote for the first time assume that it originates with some radical socialist of the 1930s. However it came from a President of the United States and a Republican President at that. Few scholars will place this quotation correctly.
See {34743} or {33971} for a more colorful and eloquent statement of the same notion.
The cause of the inequality make a great difference in the role that society and community should play if it is desirable to reduce the inequality. If Muller is right, and more and more thinkers are tending to agree, then the solution lies in increased education and training as opposed to job development, anti-discrimination enforcement, and industrial development. See {634994} where Muller asserts the premise.