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The Arena

3.4 (2015)

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    Available in PDF Format | The Arena.pdf | Unknown
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Excerpt from book: THE CONCENTRATION OF WEALTH, BY ELTWEED POMEKOY. Many persons commonly considered wealthy arc In rcalitv no more wealthy than the locks of their own strong boxen are: thev being inherency and eternally incapable of wealth: and operating for the nation,In an economlcnl'polnt of vlew.'elther as pools of dead water and eddies In a stream (which, so long as the stream flows, arc useless or serve only to drown people, but may become of Importance In a state of stagnation should the stream dry): or else as dams In a river of which the ultimate service depends not on the dam but the miller: or else, as mere accidental stays and "Impedimenta" acting, not as wealth, but (for we ought to have a correspondent term) as "tilth" causing various devastations and trouble around them In all direr, tions: or lastly acting not at all but as mere animated conditions of delay (no use being possible of anything they have until thev are dead), In which last condition they are nevertheless often useful as delays and " impedimenta " If a nation Is apt to move too fast. — Ruslcin. In the July, 1895, number of The American Federationigt I gave some facts relative to the concentration of wealth in the United States and an argument for one of the remedies for it, a progressive inheritance charge. Since then, more statistics supporting the facts then given and the conclusions arrived at have come under my notice. I propose to give an opening view of the problem, a brief rtsum£ of these facts with diagrams, state my conclusions, and briefly the remedies. THE LUST FOB POWEK. The world moves in cycles. Ite general progress is upward, but it is not a steady upward movement. It seems to go in spirals, a rapid advance under the impetus of some new force. That power spends itself and old and evil force...  
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  • PDF | 664 pages
  • Unknown Author
  • General Books LLC
  • Unknown
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