The impending crisis : $b conditions resulting from the concentration of wealth in the United States — John Shaqi
The impending crisis : $b conditions resulting from the concentration of wealth in the United StatesBouroff, Basil A.
History
The impending crisis : $b conditions resulting from the concentration of wealth in the United States
Bouroff, Basil A.
Trusts, Industrial; United States -- Economic conditions; Wealth
As you see, the comparison of the families of the same worth in the
different tables shows that the poor classes of the 2d table are larger
by 263,380 families, and richer by $7,038,394,216 worth of wealth, [SN:
DIFFERENCES REVEALED.] than they are in the first table. On the
contrary, the comparison of the wealthy classes that consist of families
worth $5,000 and over, shows that the 1st table is larger by 263,380
families, and richer by $7,038,394,216 worth of wealth, than the same
families in the 2d table. Hence, the concentration of wealth in the
first table is by $7,038,394,216 worth greater than it is in the 2d
table. And it is clear that this amount of wealth is closely connected
with the 263,380 families of the well-to-do classes. The question,
therefore, is, Where could Dr. Spahr find so many more families worth
$5,000 and over, than Mr. Holmes has found?
We know that both these great authorities dealt with the same primary
facts of statistics, though Dr. Spahr dealt with them as they appeared
in the Surrogate Courts, thus raising the value of the [SN: BASAL FACTS
UNALTERABLE.] facts. And we know that these facts or returns represent
the worth of every family, just at it actually was at the time of the
11th census. Supposing then that the above families were represented as
worth $26,723 each, could Dr. Spahr make each one of them worth $4,000
of wealth, with the purpose of including them among the millions of
families worth $5,000 and under in each case? And could he thus rob the
263,380 families of their ownership of wealth, in order to make the
distribution of wealth so abnormal as his table shows it? No, sir; this
is an utter impossibility on anyone’s part. And Dr. Spahr represented
the above families among those that were worth $5,000 and over in each
case, and that is what anyone ought to have done in his place.
While in the case of the second table, the little more equal
distribution of wealth appeared not because it was actually so, but
because the above 263,380 families, with their $26,723 worth of wealth
[SN: UNREAL BASIS OF MORE EQUAL DISTRIBUTION OF WEALTH] on the average,
unintentionally or accidentally, were included among the families worth
less than $5,000. Consequently, their aggregate wealth, amounting to
$7,038,394,216 worth, has been nominally distributed among the group of
“owners of free farms and homes worth less than $5,000” to every family.
This inclusion was as easily performed as was the inclusion of the
well-to-do among the poor by Mr. Shearman. We therefore subtract the
above families and their wealth from the 3d group and add them to the
4th group of families worth $5,000 and over, in order to show that these
families and wealth belonged to another class of the people, as follows:
Public-domain text, read in full here on John Shaqi.
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