Teddy Roosevelt, Republican ‘Socialist’

• The modern republican party loves to call progressive taxation socialist, but it was originally championed by republican Theodore Roosevelt.

• Roosevelt felt that transferring enormous fortunes through inheritance was a ‘socialist’ idea because it would put idleness on an equal level with industry.

• He also believed that progressive taxation of the rich would preserve ‘equality of opportunity’ for the generations of entrepreneurs to come.

Teddy Roosevelt, “Socialist” Advocate of Progressive Taxation