As he raised estate tax rates to fund work programs during the Great Depression, Franklin Delano Roosevelt said, “The transmission from generation to generation of vast fortunes by will, inheritance or gift is not consistent with the ideals and sentiments of the American people.” Mike Malloy discusses this.

Mike Malloy produces a two-hour podcast that can be heard online Monday through Friday from 9P until 11P ET. His radio experience includes two 50,000 watt blow-torches: WSB-AM in Atlanta and WLS-AM in Chicago. He was one of the original hosts on Air America Radio, and he wrote and produced for CNN (1984-87) and CNN-International (2000). He is the only radio talk show host in America to have received the A.I.R (Achievement in Radio) Award in both Chicago and New York City, the nation’s number three and number one radio markets respectively.