America’s revolutionaries had read their history. Every previous attempt to establish republican rule, they knew from that history, had failed. Athens. Rome. Venice. Florence. The cause of that failure, as the Founders came to see it: a deep and divisive maldistribution of wealth.
The Founders came to believe, notes Huston, that a republic could only endure with “an equal or nearly equal distribution of landed wealth among its citizens.”
The founders of this country wanted democracy. Democracy requires equity. Concentration of wealth destroys democracy – and we are seeing this in action today.