Freedom! Equality!! Justice!!! These Three; but the Greatest of These Is Justice: A Speech on the Impending Revolution, Delivered in Music Hall, Boston, Thursday, Feb. 1, 1872, and the Academy of Music, New York, Feb. 20, 1872Woodhull, Victoria C. (Victoria Claflin)
Philosophy
Freedom! Equality!! Justice!!! These Three; but the Greatest of These Is Justice: A Speech on the Impending Revolution, Delivered in Music Hall, Boston, Thursday, Feb. 1, 1872, and the Academy of Music, New York, Feb. 20, 1872
Woodhull, Victoria C. (Victoria Claflin)
Social problems; Speeches, addresses, etc.
But this consideration is only a stepping-stone to what shall be. Money
must be made free from interest. In fact, I do not know but people who
have money should pay something to have it securely loaned, the same as
you must pay your Safe Deposit Companies for safely keeping bonds,
jewels and other valuables. I think people ought to be made to pay for
the safe keeping of money upon the same principle. Money under our
present system is the only thing which we possess that does not
depreciate in value by use. The more money is used, the more it
increases; a proof complete of the fallacy and its despotism.
The Government now pay the banks thirty millions dollars per year for
the privilege of loaning them about three hundred millions national
currency, which the banks reloan to the people at an average of ten per
cent. It seems to me that is almost too good a thing to last long. If
the Government can afford to do this thing, why can’t they better afford
to loan directly to the people for nothing, and save thirty millions
dollars annually? Do you think the people would object? Oh, no; but the
bankers would. But for all that the cry of “Down with the tyrant” is
raised, and it will never cease until interest shall be among the things
that were.
I also desire to call attention to the reduction of the Public Debt, and
to the means by which this reduction has been accomplished. The
Administration hangs almost all of its hopes upon this fact, while if it
were thoroughly understood it would prove its condemnation. It has paid
three hundred millions of the debt, they say. Who has paid it? we
inquire. It fails to answer. We say that that entire payment has been
made by the producing classes of the country, while the capitalists have
not reduced their cash balances in the least. In other words, the
producers have got no more money now than they had before the debt was
paid, while the capitalists have had their bonds changed into money.
Now, who have paid that three hundred millions dollars? I repeat the
laboring people have done it, just as they pay all public debts and all
public expenses, besides constantly adding to the wealth of the
capitalists themselves. Can such a state of things continue? Again I
tell you nay.
This wrong must be remedied by a system of progressive taxation. If
persons having a hundred thousand dollars pay one-half per cent. tax,
let those having a million pay ten per cent., or two millions
twenty-five per cent. Let there be a penalty placed upon monopolizing
the common property, and it will soon cease and equality come in its
place. Now, the poorest woman who buys the cheapest calico pays a tax to
the Government, while the rich appropriate her labor to pay their dues.
Truly said Jesus, “The poor ye have with you always.”
Public-domain text, read in full here on John Shaqi.
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