Editing Text:Every Man a King (section)

== Every man a king. ==
Now, we have organized a society, and we call it "Share Our Wealth Society," a society with the motto "every man a king."

Every man a king, so there would be no such thing as a man or woman who did not have the necessities of life, who would not be dependent upon the whims and caprices and ''ipse dixit'' [Latin, meaning ''an unsupported dogmatic assertion''] of the financial martyrs for a living. What do we propose by this society? We propose to limit the wealth of big men in the country. There is an average of $15,000 in wealth to every family in America. That is right here today. 

We do not propose to divide it up equally. We do not propose a division of wealth, but we propose to limit poverty that we will allow to be inflicted upon any man's family. We will not say we are going to try to guarantee any equality, or $15,000 to families. No; but we do say that one third of the average is low enough for any one family to hold, that there should be a guaranty of a family wealth of around $5,000; enough for a home, an automobile, a radio, and the ordinary conveniences, and the opportunity to educate their children; a fair share of the income of this land thereafter to that family so there will be no such thing as merely the select to have those things, and so there will be no such thing as a family living in poverty and distress. 

We have to limit fortunes. Our present plan is that we will allow no one man to own more than $50 million. We think that with that limit we will be able to carry out the balance of the program. It may be necessary that we limit it to less than $50 million. It may be necessary, in working out of the plans, that no man's fortune would be more than $10 million or $15 million. But be that as it may, it will still be more than any one man, or any one man and his children and their children, will be able to spend in their lifetimes; and it is not necessary or reasonable to have wealth piled up beyond that point where we cannot prevent poverty among the masses. 

Another thing we propose is old-age pension of $30 a month for everyone that is sixty years old. Now, we do not give this pension to a man making $1,000 a year, and we do not give it to him if he has $10,000 in property, but outside of that we do.