1930: Wealthy Financier Tells Congress that Taxing the Wealthy Will ‘Destroy Civilization’

Testifying to Congress on his opposition to raising taxes on the wealthy, millionaire financier J. P. Morgan Jr. says: “If you destroy the leisure class, you destroy civilization. The leisure class can be defined by people who can afford to hire a maid.” [Hunt, 9/1/2009, pp. 4]