Distributive Justice: The Right and Wrong of Our Present Distribution of WealthRyan, John A. (John Augustine)
PhilosophyChristian
Distributive Justice: The Right and Wrong of Our Present Distribution of Wealth
Ryan, John A. (John Augustine)
Economic history; Income distribution -- Moral and ethical aspects; Wealth -- Religious aspects
What per cent. of the superfluous incomes in the United States would
suffice to alleviate all the existing grave and ordinary distress?
Nothing like an exact answer is possible, but we can get an
approximation that will have considerable practical value. From the
estimates of family incomes given by Professor W. I. King, it appears
that in 1910 the number of families with annual incomes of less than
one thousand dollars was a little more than ten and three quarter
millions, and that the total incomes of those families receiving more
than ten thousand dollars a year amounted to a little more than three
and three quarter billions.[212] If each of the latter class of
families should expend ten thousand dollars per year for the needs of
life and social position, they would have left nearly two and three
quarter billions for distribution among the ten and three quarter
million families who are below the one thousand dollar level. So far
as the figures of Professor King's table enable us to judge, the
greater part if not all of this sum would be required to bring this
group of families up to that standard. Possibly an income of one
thousand dollars per family is not required to remove all ordinary and
grave distress; and possibly ten thousand dollars is not enough for
the reasonable requirements of some families. If both these
suppositions are true they will tend to cancel each other: the needs
to be met will be less, but the superfluous income to be distributed
will be less also. Whatever be the minimum and maximum limits of
family income that approve themselves to competent students, the
conclusion will probably be inevitable that the greater part of the
superfluous income of the well-to-do and the rich would be required to
abolish all grave and ordinary need.
_Some Objections_
The desirability of such a thoroughgoing distribution of superfluous
incomes appears to be refuted by the fact that a considerable part of
the capital and organising ability that function in industry is
dependent upon the possession of superfluous goods by the richer
classes. That surplus of the larger incomes which is not consumed or
given away by its receivers at present, constitutes no small portion
of the whole supply of savings annually converted into capital. Were
all of it to be withdrawn from industry and distributed among the
needy, the process might involve more harm than good. Moreover, the
very large industrial enterprises are initiated and carried on by men
who have themselves provided a considerable share of the necessary
funds. Without these large masses of personal capital, they would have
much more difficulty in organising these great enterprises, and would
be unable to exercise their present dominating control.
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