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
Between 1900 and 1910 the value of farm lands _per acre_ in the United
States advanced 108.1 per cent.[68] During the eight years beginning
with July 1, 1906, the value of land in Greater New York increased
something more than one-third; in the principal cities of New Jersey,
and in Worcester, Washington, Boston, and Buffalo, somewhat less; in
Springfield and Holyoke, considerably more. In the most recent ten
years for which figures are available (since 1900 in every case) the
land values of Milwaukee, St. Louis and San Francisco averaged only a
slight degree of expansion, while those of Kansas City doubled, and
those of Houston, Dallas, Los Angeles, and Seattle trebled. To quote
Professor Nearing, from whose compilations these estimates have been
summarised: "The total extent of the increase in American city land
values may be hinted at rather than stated with any certainty. The
scattering instances in which land and improvements are separately
assessed led to the conclusion that in a large, well-established city,
growing at approximately the same rate as the other portions of the
United States, the land value is doubling in from ten to twenty-five
years. In the new, rapidly growing city of the middle and far West and
in some of the smaller cities of the East, the ratio of increase in
land values is far greater, amounting to two-fold or even three-fold
in a decade. In a few instances the rate of increase is much smaller,
and in one case, Jersey City, land values over a period of seven years
have actually decreased.... Nevertheless, the few available long range
figures indicate a widespread and considerable increase in American
city land values."[69]
The rise in the value of timber lands during the last thirty years has
been, in the words of the federal investigators, "enormous." For the
ten-year period ending in 1908, "the value of a given piece of
southern pine taken at random is likely to have increased in any ratio
from three-fold to ten-fold." About the same ratio of increase
obtained in the Pacific Northwest, and a somewhat smaller increase in
the region of the Great Lakes.[70] While a considerable decline has
taken place since 1908, it is only temporary; for the demand for
timber is notoriously increasing several times as fast as the supply.
Public-domain text, read in full here on John Shaqi.
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