The Arena, Volume 18, No. 93, August, 1897 — John Shaqi
The Arena, Volume 18, No. 93, August, 1897Various
Philosophy
The Arena, Volume 18, No. 93, August, 1897
Various
American literature -- Periodicals
Other governments at the present time tax the rich. In England, besides
the income tax, many other items of revenue are contributed entirely by
the rich--contributed upon the principle that those who have acquired
riches shall bear the burden of taxation. In the United States we seem
to place the burden of taxation upon the shoulders least fitted to bear
it. Every effort to tax the rich, to properly tax corporations and
trusts, has met with failure. The lobbyist and corporation lawyer have
defied the tax-gatherer until they have worn out the patience of the
people. The time is now ripe for proper legislation. A progressive
income tax and a tax upon inheritances should be made a law in every
State. The power to tax, it has been said, is the power to destroy. If a
scale of taxation were wisely adopted it would eventually enable us to
reach without political disturbance the almost total abolition of an
aristocracy of wealth and thus solve the great problem of the day. If we
are to consider humanity of any importance at all, wealth must be
limited. The rights of all must be considered. When this is done we may
be able to have a truly prosperous nation--a nation in which prosperity
will not be confined to a favored few, but given to all.
"Prosperity," says Rousseau, "is best secured when the medium-class
income prevails, when no citizen is so rich that he can buy others, and
no one so poor that he might be compelled to sell himself."
THE BATTLE OF THE MONEY METALS
I. BIMETALLISM SIMPLIFIED.
BY GEORGE H. LEPPER.
The "free-silver delusion" is not dead, nor will it die unless the
McKinley administration shall give it its quietus by providing the
country with a sound and popular system of bimetallism. Even the most
sanguine of the Republican leaders must admit that the prospect of
accomplishing this task by international agreement is not so encouraging
as to make the tentative consideration of other plans, not requiring
concerted action, unnecessary or useless. The purpose of this article is
to present such a plan, and to contrast it with those which have already
been tried, or have thus far been proposed.
Public-domain text, read in full here on John Shaqi.
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