The Passing of the Idle RichMartin, Frederick Townsend
History
The Passing of the Idle Rich
Martin, Frederick Townsend
Rich people -- United States; United States -- Social conditions -- 1865-1918; Wealth -- United States
More than this, as I have pointed out already in a phrase, the growing
knowledge on the part of the people of the ways and means by which
they have been exploited for the creation of wealth will surely
prevent any further long-continued growth of this same process. Men
are being sent up to congress year by year sworn to break up and
destroy the coördinate political machine that has made possible the
growth of the power of the trusts. Earnest fighters like La Follette
may well be watched, for though no little of his work and his talk
is based on fallacy, yet in this at least he represents the temper
of the whole United States, that he is a bitter and an ardent enemy
of the concentration of wealth. The agitation over the Guggenheim
claims in Alaska, the bursts of popular acclaim over land-fraud
prosecutions in the West, the sardonic joy of the people over the
retrieving of enormous coal land areas stolen by railroads, the warm
enthusiasm of the West for government reclamation, conservation, and
preëmption--these are signs of the times all pointing in the one
direction.
They do not mark the end of the idle rich, to-day existent. They
do point unmistakably toward the prevention of a new crop of great
American fortunes won through exploitation of government property and
popular rights. If you couple with them the ever-growing movement
toward Socialism, and the hundred and one private propaganda along
strange and often faulty economic lines, you cannot help but feel as
I feel, that even if there were a revolution, in a hundred years, when
the present great fortunes of America are subdivided, split up, and
scattered among a thousand heirs, the wealth of America will certainly
not be held ninety-five per cent. in the hands of five per cent. of the
people and five per cent. in the hands of the rest of the people. And
it is self-evident that since the gathering together of wealth in the
hands of the few gave us the idle rich, the natural scattering of that
wealth into more and more hands as the years go on must tend in the
other direction.
_The days of the idle rich in America are as a tale that is told.
To-morrow in this land there will be one of two things, either an
evolution or a revolution._
_... The class I represent will again be merged into and
assimilated by the body of the nation.... We shall reënact in this
land some of the most terrible tragedies of history._
_Chapter Eleven_
THE END OF THE STORY
Public-domain text, read in full here on John Shaqi.
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