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
So that, if only 20c is obtained from each of the propertyless and the
propertied poor in any employment whatever, then every one of the
million families on the average gets daily more than $7 of the unjust
income. And that is simply because the resourceless people cannot apply
their energy anywhere without oppression. But, if the principle of
dividogenesure allows these families to squeeze out of every one’s
energy daily 25c, then the daily dividend of these families will amount
to $9,709,462.25, which is nearly $10 to each family among the million.
And this is one way how the rich are growing richer and the poor are
growing poorer. While the next chapter will show another way of getting
rich and the poor.
No one ought to suppose, however, that the million families, variously
employing the above number of the absolutely dependent people, obtain
equal shares of the [SN: THE LOSSES AND PROFITS ARE UNEQUAL.] unearned
profits from the workers in the United States. Nor ought one to suppose
that these workers lose equal amounts of energy in favor of the owners
of capital, means of transportation, or distribution of products, in
favor of landlords and houselords, etc. No, some of the workers lose
more than others, just as some of the families get much more than
others. The net profits of the different monopolies, p. 101, as
represented by the census agent, illustrate these differences in the
gains of several families connected with the monopolies.
But, notwithstanding the differences in the detailed gains and losses,
there cannot be any doubt or discrepancy in the general fact, that if
“the natural” and other[84] “monopolies” shall continue to earn billions
of dollars worth of wealth every year, all the nation will soon be
absolutely enslaved by a very few families of the wealthiest type. The
economic slavery of the nation then will grow harder and harder upon the
people absolutely dependent on the principle of dividogenesure.
For if each one of the 38,837,849 individuals now daily loses, on the
average, 25c worth of wealth produced by his energy, the continual [SN:
DEPENDENT INDIVIDUALS.] increase of these dependents must bring about a
continual increase in the rates of the daily incomes in favor of the
wealthy few—at the rates shown on p. 104, which shall then go higher up.
The concentration of wealth will go on, and from the standpoint of
dividogenesure, these rates will indicate a continual increase or
decrease in the unjust concentration of wealth in a few hands.
No one must suppose, however, that by the rates of dividogenesure we
mean only the underrated wages and salaries. No, we mean here the losses
of the people in all stages of productive and distributive activity and
the final gains of those that unjustly profit by this general activity
of the people. And I view the nation as a whole with its future.
If the situation be left, as it is at present, many possibilities can
unmistakably be predicted for the nation’s future.
Public-domain text, read in full here on John Shaqi.
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