Gambling; or, Fortuna, her temple and shrine.: The true philosophy and ethics of gamblingRomain, James Harold
Philosophy
Gambling; or, Fortuna, her temple and shrine.: The true philosophy and ethics of gambling
Romain, James Harold
Gambling
It has been estimated by Bastiat, Karl Marx and Nordau, that laborers
are unjustly deprived of the value of four days labor in each week.
Terrible is the injustice to wage-earners, the world over, if the
deductions of Carpenter and Godwin are to be accepted. “Behold the
hire of the laborers which is of you kept back by fraud, crieth: and
the cries of them are entered into the ears of the Lord of Sabaoth.”
Proudhon and Spencer have revealed the “economic’s lies” of modern
society. “The great game of the business world is the game of getting
on,” wrote John Ruskin; “not of everybodies getting on, but of somebody
getting on. What to one family is the game of getting on, to one
thousand families is the game of not getting on. Nay, you say, they
have all their chance. Yes, so has every one in a lottery, but there
must always be the same number of blanks. Ah! but in a lottery it is
not skill and intelligence that take the lead, but blind chance. What
then! do you think the old practice that they should take who have the
power, and they should keep who can, is less iniquitous when the power
has become the power of brains instead of fist?”
Is this a world of equivalents in labor? What is the ratio of riches
awarded to those who toil? In 1860, the net average income was but
three per cent. Yet, for that year the income of bare money (which
needs no food, clothing or shelter), was all the way from five to
thirty per cent. In England 30,000,000 people are taxed that interest
may be paid to 300,000. In 1870, the interest on the national debts of
the world amounted to $1,700,000,000. This rate in nine years would
absorb a sum equal to the entire property of this country in 1870. We
are informed that trade is annually taxed (interest on capital) about
$200,000,000, for which not one dollar of actual service is rendered.
Is interest on “watered” stock any better than theft?
A world of equivalents, indeed! In our cities five per cent of the
population own more property than ninety-five per cent; and twenty per
cent of the nation own more than the remaining eighty per cent. At the
present rate of increase, within thirty years, 100,000 persons will own
four-fifths of all the property in the United States. In twenty-five
years the number of our people who own their homes has decreased from
five-eighths to three-eighths. In New York City more than 1,100,000
persons are dwelling in tenement houses. “In 1889, the farm mortgages
in the western states amounted to _three billion four hundred and
twenty-two million dollars_.” In England, to-day, there are less than
30,000 landed proprietors--one-half of the country is owned by 150
men. Twelve men own one-half of Scotland. The working classes of the
United Kingdom own but a thirtieth part of the total real and personal
property.
Public-domain text, read in full here on John Shaqi.
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