December 27, 2022
CHANGING MODE OF ECONOMIC SECURITY.PART 2
Thomas Paine's logic of common sense appealed to native americans same
logic was instrumental to their political independence.Paine's system
of agrarian justice based on 10%inheritance tax also partly
contributed to economic freedom- social security of post depression
era.Civil war pension program,State and company pension
programs,Coxey's and Townsend clubs which died a political death made
their early impact too.Townsend clubs had 2.2million members within
two years of being introduced.The passage of social security act of
1935 accelerated graveyard silence of Francis E.Townsend's
vision,buried in dustbin of history.Charles E.Coughlin,had a weekly
Radio of 35m.-40m.listeners.The passage of the act destroyed this
beautiful dream too.When in 1936,Townsend and Huey Long's Share the
weath movement came together to form 3rd party against devil Roosevelt
their sworn enemy to contest presidential election of the period and
prevent New dealer from being elected,faded as it were into obscurity
and finallycrashed.
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