What cause Roosevelt critics to accuse him of soaking the rich?

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2026-01-28 13:45

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Critics accused President Franklin D. Roosevelt of "soaking the rich" primarily due to his New Deal policies, which included higher taxes on the wealthy to fund social programs aimed at alleviating the Great Depression's impact. His administration implemented progressive taxation and regulatory measures that targeted corporate profits and income inequality, leading some affluent individuals to feel unfairly burdened. This rhetoric was further fueled by Roosevelt's rhetoric promoting economic fairness and social justice, which some perceived as class warfare against the wealthy.

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