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
Thus, the indirect and direct resources of a propertied person,
therefore, are always many and complete when he works out the wealth
himself. [SN: COMPLETE AND INCOMPLETE INCOMES OF PROPERTY OWNERS.] By
complete I mean this, that whatever his intelligence and strength can
draw out of the source they are applied to, it is always his and is
always to his benefit. An incomplete income or yield from a source of
wealth, to its owner, will be this, that, if he hires the energy, or the
skill of another person to apply upon his property, then his income is
incomplete, because he has to pay for the hired labor energy as well as
for hired skill. In this way an owner of wealth of any kind may even
divide the yield and the product of the source of income into halves.
But as long as a person is an owner of wealth, an owner of capital, and
an owner of physical and mental energy, he is a possessor of [SN:
PROPERTY GUARANTY OF LIFE.] resources; his labor energy and his
existence are then fully guaranteed for himself, his wife, and children
by his wealth, because wealth or property becomes a direct source of
income, when he himself labors on it, and an indirect, when he rents it
to others. A propertied man, therefore, is safe forever by the resources
of his property, which yield incomes and profits for sustenance of the
highest possible life, highest education, freedom, and enjoyment.
But what about the propertyless man? How many resources, or how many
sources of income [SN: HAS THE PROPERTYLESS ANY SOURCE OF INCOME, ETC.?]
has he for his own life, the life of his wife and children? What sources
of income has he for education, for bread and butter, for clothes and
dress, for their shelter and his own? What resources has he for his
sustenance in this world, when the entire world tends rapidly to be the
property of a very few persons?
He has neither land, nor capital, nor house; he has neither natural, nor
artificial wealth to serve him, and hence, has not a single one of the
above described sources of [SN: THE PROPERTYLESS HIMSELF IS A SOURCE OF
MULTIPLE EXPENSE.] income and profit which the Creator provided for
man’s enjoyment. On the contrary, the propertyless man himself is a
source of multiple expense; he has but a store of labor energy within
himself, which store must be supported by its own effort, and that too
while his life is guaranteed by nothing but by his physical strength and
natural mind. And it is only these two that unite to support him who is
the single source of the following manifold expenses in favor of many
owners of properties and wealth, who sometimes make enormous fortunes by
the efforts of the propertyless.
If a propertyless man desires to exist at all in the sight of his God in
this quasi-civilized world, he must spend his life in the following
ways:
Public-domain text, read in full here on John Shaqi.
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