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
From the preceding it is clearly seen that both men are on an equality
merely in the physical energy. And the propertied person has an absolute
advantage for developing his mental energy or skill. We [SN: ADVANTAGES
AND DISADVANTAGES.] have, therefore, to regard their physical energy as
an equal in both. But, with the propertied man, this energy is
surrounded by multiple resources of income; so that to whatever resource
he applies his energy, it always yields him the whole results of his
labor. An application of capital in his power multiplies the yield in
his favor. An application of the hired labor energy still farther
multiplies the yield and increases his income. His [SN: A PROPERTIED IS
A MAN OF MULTIPLE INCOMES.] physical energy, therefore, must be regarded
as a source of multiple income even in relation to a small amount of
wealth or income-bearing property.[53] On the contrary, when there is
plenty of employment, the energy of the propertyless person is itself a
source of multiple expense in favor of the propertied men. And again,
[SN: A PROPERTYLESS IS A MAN OF MULTIPLE EXPENSES.] when there is
employment, he is permitted to apply his energy but to a single resource
of income; and when permitted to do so, the propertyless man can only
draw about half the income that this resource can yield to his energy,
while the other half of it must go to the multiple incomes of the
propertied men who employ him as the people call it. Hence, being
surrounded with the inexhaustible wealth of nature, with innumerable
resources of income, the propertyless man is only a semi-sourced man—a
man of semi-sourced income. He is a man who is entitled to a portion of
the yield, for the expense of energy which is equal to two or more
portions of it. And there is nothing more in the whole realm of wealth
than a semi-income from one source for the man who himself is a source
of multiple expenses in the favor of many owners of wealth. A greater
injustice than this could not be fabricated by mankind under the
heavens.
But what about the propertyless, when there is no employment at all? Or,
when the caprice of the propertied is not satisfied by the halves of the
yields produced by the [SN: PROPERTYLESS OUT OF EMPLOYMENT.] labor
energy and skill of the propertyless people? What, when they demand
still more impossible efficiency in product from the emaciated energy of
their victims? The answer is clear and but one. These economic slaves,
these victims of the greatest injustice and absurdity are thrown back by
thousands into the sphere of humiliation under public relief. And who
constitutes this public? Nearly all the same propertyless millions, who
relieve the others, when they themselves are not yet on the point of
starvation.
Public-domain text, read in full here on John Shaqi.
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