I am still convinced that the American people, since 1932, continue to insist on two requisites of private enterprise, and the relationship of Government to it. The first is complete honesty at the top in looking after the use of other people's money, and in apportioning and paying individual and corporate taxes according to ability to pay. The second is sincere respect for the need of all at the bottom to get work—and through work to get a really fair share of the good things of life, and a chance to save and rise.

Fireside Chat in the night before signing the Fair Labor Standards (June 24, 1938)