Political Pressure and the Second New Deal. Tony Nguyen. Business Opposition. Business Opposition. Partial economic recovered => wealthy business leaders became vocal critics of New Deal. Some accused: too much taxation and government regulation.
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Demagogues: a political leader who tries to get support by making false claims and promises and using arguments based on emotion rather than reason
Americans (60+) should receive government pension.
200$ a month.
Financed by a new “transaction” (sales) tax.
¾ Americans worker => earned 200$(-) a month.
Sales tax rates same for everyone =>People w/ less income - loss more into taxes.
Massive transfer of income
From the working poor => non-working elderly
Concerned about the condition of the elderly - not the funding.
From these funds