In this latter case, what is so earned, as well as all savings that
spring from the results of a person's own work, will remain until
the owner's death, or some later date, in the private possession of
the earner or his descendants. Until this date also, these savings
will draw an interest from the person who is given them to procure
the means of production. The amount of the interest will be the
outcome of the general "rights-consciousness," and be fixed by the
"rights-State." In a social order, based on the principles here
described, it will be possible to effect a complete distinction between
proceeds that are due to the employment of means of production, and
sums accumulated through the earnings of personal labour, spiritual
or physical. It is in accordance with the common sense of right, as
well as to the general social interest, that these two things should
be kept distinct. What a person saves and places at the disposal of a
productive industry, is a service rendered to the general interests,
inasmuch as it makes it possible in the first place for personal
ability to direct production. But where, after deducting the rightful
interest, there is an increase on the capital, arising out of the means
of production, such increase is due to the collective working of the
whole social organism, and must accordingly flow back into it again in
the way above described. All that the "rights-State" will have to do,
is to pass a resolution, that the capital accumulations in question
are to be transferred in the prescribed way. It will not be called
on to decide, which material or spiritual branch of production is
to have the disposal either of capital so transferred or of capital
savings;--for this would lead to the State tyrannising over spiritual
and material production, which are best directed for the body social
by men's individual abilities, as has been shewn. But it will be open
to anyone to appoint a corporate body of the spiritual organisation
to exercise the right of disposal over capital that he has created,
if he does not want himself to select his successor.
Property acquired through saving, together with the interest on it,
will also pass at the earner's death, or a while later, to some person
or group actively engaged in spiritual or material production,--but
only to a producer, not to be turned into an income by someone who
is not producing. The choice will be made by the earner in his last
will. Here again, if no person or group can be chosen direct, it will
be a question of transferring the right of disposal to a corporation of
the spiritual system. Only when a person himself makes no disposition
of his savings, then the "rights-State" will act on his behalf,
and require the spiritual organisation to dispose of them.
Public-domain text, read in full here on John Shaqi.
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