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
And I can tell Mr. Goodloe that these few have monopolized, not only the
earth of the country, but also the hundreds of cities and towns,
together with their buildings, their capital, their natural and
artificial wealth, their houses, etc., etc., and the tens of millions of
the inhabitants of these towns and cities too, have been economically
enslaved, under the system of dividogenesure, to the same wealthy few.
CHAPTER VI.
CONCENTRATION OF WEALTH IN MONOPOLIES,
ETC.
The first and the second chapters have revealed to us that, since the
year 1890, there have been nearly 34-millions of individuals without
property in the United States. The third chapter has shown that about
one-half the results of their labor must be expended for the necessary
support of existence, while the other half must go to enrich the owners
of rentable farms and homes for which these owners draw incomes from the
propertyless, without any labor or without any expenditure of their own
energy. Besides this, out of the more than 47-millions of individuals in
the gainful pursuits,[112] there must have been hundreds of thousands of
families who have small properties, like homes, but their members have
been obliged to support themselves by laboring under the same conditions
of dividogenesure as did the propertyless.
If we admit then that there have been only 38,837,849 individuals in the
gainful pursuits absolutely under the principle [SN: DAILY INCOME FROM
THE POOR.] of dividogenesure, and that if one million families have
employed them in various ways, gaining 25 cents daily from each person
thus employed, the total daily income of these families would be
$9,709,462 per every day.[113] And if the labor year on an average, for
all, consists of 250 days, the yearly income of the million families
would amount to $2,327,365,500. This amount then would be yearly added
to the aggregate wealth of the fourth group of the 2d R. table, p. 47.
Though most of the income would go to only a few families among the
million.
And if the mortgagor families continued to exist even without an
increase in their numbers—which is really impossible, for the mortgages
certainly must have increased—and continued to pay the annual [SN:
INCOME FROM THE DEBTORS.] interest charge at the rate of $539,352,898,
as has been stated on pp. 125, 126, then the yearly income of the
wealthy families in the 4th group of the 2d R. table must have been
still greater than what they could get from the propertyless alone on
the condition of giving them employment, and renting them the rentable
farms and homes. In fact, the direct and indirect profit in favor of the
wealthy few from the application of the labor energy of the above
millions of the economically enslaved would amount to $20,067,028,786
worth of wealth during seven years. And what do we have?
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