Socialism: A Summary and Interpretation of Socialist PrinciplesSpargo, John
History
Socialism: A Summary and Interpretation of Socialist Principles
Spargo, John
Socialism
In this country, the absence of income tax figures makes it impossible
to get direct statistical evidence as to the distribution of incomes.
The most careful estimate of the distribution of wealth in the United
States yet made is that by the late Dr. Charles B. Spahr.[113] Written
in 1895, Dr. Spahr's book cannot be regarded as an accurate presentation
of conditions as they exist at the present moment, yet here again there
is every reason to believe that the process of concentration has gone on
unchecked since he wrote. It is not necessary for our present purpose,
however, to accept the estimate of Dr. Spahr as authoritative and
conclusive. The figures are quoted here simply as the result reached by
the most patient, conscientious, and scientific examination of the
distribution of wealth in this country yet made. Dr. Spahr's conclusion
was that in 1895 less than one half of the families in the United States
were property-less; but that, nevertheless, seven eighths of the
families owned only one eighth of the national wealth, while one per
cent of the families owned more than the remaining ninety-nine per cent.
Mr. Lucien Sanial, in a most careful analysis of the census for 1900,
shows that, classified according to occupations, 250,251 persons
possessed $67,000,000,000, out of a total of $95,000,000,000 given as
the national wealth; that is to say, 0.9 per cent of the total number in
all occupations owned 70.5 per cent of the total national wealth. The
middle class, consisting of 8,429,845 persons, being 29.0 per cent of
the total number in all occupations, owned $24,000,000,000, or 25.3 per
cent of the total national wealth. The lowest class, the proletariat,
consisting of 20,393,137 persons, being 70.1 per cent of the total
number in all occupations, owned but $4,000,000,000, or 4.2 per cent of
the total wealth. To recapitulate: Of the 29,073,233 persons ten years
old and over engaged in occupations,
0.9 per cent own 70.5 per cent of total wealth.
29.0 per cent own 25.3 per cent of total wealth.
70.1 per cent own 4.2 per cent of total wealth.
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