As a nation, we are more seriously menaced by the accumulation of
gigantic individual fortunes than from any other one and perhaps from
all other sources combined, as in but very few cases does a competency
mean the use of time for a leisure of culture and ennoblement, but
rather for the development of selfishness, avarice, cruelty, and
immorality. Christ certainly did not overrate the awful disadvantage
of riches, particularly if considered in relation to the recent
developments of our criminal trials in our great cities, when He said
that "It is easier for a camel to pass through the eye of a needle
than for a rich man to enter Heaven." Wealth in the hands of the young
is the worst condition with which they can be surrounded--it almost
forces them into the company of irresponsible and immoral persons who
lead them into vice, thus sapping their vitality, as well as engrossing
them in habits of infamy, which their weakened mentality can usually
never shake off. The direst poverty, on the other hand, pinches and
confines both the body and mind through lack of proper nutrition and
time for rest and recreation, so that it is of double importance to
the State to see that enormous private accumulations of wealth do not
exist, and more especially that they cannot be inherited. A reasonable
sum should be fixed upon by our lawmakers as the maximum amount which
could be inherited by any one individual, and any part of an estate
which was not legally disposed of under this act, by will or otherwise,
should pass into the undisputed possession of the State and should
be spent, not for the ordinary administration of the law, but for the
building of schools, hospitals, parks, museums, and the purchase of
public utilities, such as water, lighting, power and transportation
companies. Should the means above suggested prove too slow in operation
or inadequate to meet present emergencies, an income-tax might, for
a decade or two, be a necessity--the returns from which should be
expended as suggested above. Unless something of this character is done
within the next century, it would seem that our country cannot continue
to advance in civilization, although she might in political prestige
and commercial importance, but would follow in the steps of so many
other great states, and sooner or later arrive at a time where her
present would be but a meagre shadow of her majestic past.
Public-domain text, read in full here on John Shaqi.
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