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Randa Abdelfattah and Ramteen Arablui

๐Ÿ‘ค Speaker
524 total appearances

Appearances Over Time

Podcast Appearances

Throughline
Al Capone and the transformation of the IRS

He was, over time, seen by the wealthy as a kind of traitor to his class.

Throughline
Al Capone and the transformation of the IRS

Even though this tax crusade against the wealthy was resonating with people, FDR was feeling uncertain about his reelection.

Throughline
Al Capone and the transformation of the IRS

And he began asking Elmer to investigate more and more people who could be fairly described as his political opponents.

Throughline
Al Capone and the transformation of the IRS

Among them were a Democratic senator from Louisiana named Huey Long, who was a threat to him in the primaries, a Republican congressman from Roosevelt's home district, Hamilton Fish, and Mo Annenberg, owner of a media company that was vocally critical of FDR and the New Deal.

Throughline
Al Capone and the transformation of the IRS

Paul Camacho says it's unclear how much these investigations were politically motivated because some of them were suspected of actual criminal wrongdoing.

Throughline
Al Capone and the transformation of the IRS

But Lawrence Reed cites this as counter-evidence.

Throughline
Al Capone and the transformation of the IRS

Elliot Roosevelt, the son of the president, wrote a very revealing book about the family's years in the White House.

Throughline
Al Capone and the transformation of the IRS

And he points out in that book, quote, my father may have been the originator of the concept of employing the IRS as a weapon of political retribution.

Throughline
Al Capone and the transformation of the IRS

Roosevelt won re-election in 1936, and he would go on to win re-election an unprecedented two more times.

Throughline
Al Capone and the transformation of the IRS

By the late 1930s, talk of war began to fill the airwaves, and fascism was taking hold of Europe.

Throughline
Al Capone and the transformation of the IRS

Some Americans angry at Roosevelt began to call him the New Deal dictator.

Throughline
Al Capone and the transformation of the IRS

He proposed a 99% top income tax rate.

Throughline
Al Capone and the transformation of the IRS

That was extreme and didn't actually get approved by Congress.

Throughline
Al Capone and the transformation of the IRS

But for the business class, this tax crusade and the New Deal were a direct threat to their bottom line.

Throughline
Al Capone and the transformation of the IRS

And more than that, a threat to American innovation and entrepreneurship.

Throughline
Al Capone and the transformation of the IRS

They're saying we're not going to take all the risk and have almost all the reward taken by the government.

Throughline
Al Capone and the transformation of the IRS

and whether you saw it as a good or a bad thing.

Throughline
Al Capone and the transformation of the IRS

This is a radical transformation of the federal government.

Throughline
Al Capone and the transformation of the IRS

Exactly how much New Deal programs actually fix the economy is hard to measure.

Throughline
Al Capone and the transformation of the IRS

Unemployment rates were still high and businesses still struggling by the time World War II began.