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
It is quite probable that the average family will now be at the most 4.9
members each.[176] If it is so, then we have about 16,194,581 families
in the nation. And, disregarding [SN: THE PROPERTYLESS IN 1900 A GREAT
NATION.] again those that were sure of losing the last pieces of their
mortgaged property, we should now have about 8,958,437 families without
real property, which would represent 43,896,342 propertyless individuals
of multiple expenditure in every case. So that, paying monthly rent at
$9.50 each, these homeless families must pay $1,021,261,198 for the year
1900 alone. But if we [SN: RENT WILL BE PAID.] admit the regular
increase of the farm tenant families, we may now have about 1,941,745 of
them occupying rentable lands at the averages of acres and of rent
previously stated, the total rent of all the tenants of farms and homes
would, therefore, reach $1,526,114,903 for one year. And the rent will
be higher the next year, although new rentable houses and flats are
built by the speculators every year.
For, with the active monopolies and combinations concentrating a greater
amount of national wealth than the people can produce, the increase of
population causes [SN: IMPOSSIBILITY OF ACQUIRING PROPERTY.] utter
inability of about 65,000,000 of individuals to acquire property.[177]
And this very inability causes a constant rise in the average land and
house rent. So that, if some years ago the average house rent was $9.50
a month per family of nearly 5 members, it may now be above $11 every
month. The 8,958,437 tenant families would, therefore, pay over
$1,687,367,389 of farm and house rent to the few owners of cities,
towns, and of lands in one year.
Thence, the phenomenal net incomes of the omnipotent afford the ample
reasons for defending by all means in their power the present situation
of the nation’s toiling for the few.
Public-domain text, read in full here on John Shaqi.
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