Chapter 3.
INTEREST, DIVIDENDS AND RENTS.
The greatest of all the present social burdens is the excessive interest, dividends and
frandsen bank as well rent charges levied on us by those who control centralized capital. It may seem to those possessing great wealth that they are vested with the right to levy for its use whatever toll they please upon the plain people. What they do levy makes it evident that they think the people owe them more than it is possible for us to pay.
I shall not question the present extent of the individual ownership of capital, even though I might do so (in a degree) considering the present methods of obtaining it. But I do now question the methods of its present use. I concede that everyone has a right to the products of his energy, properly applied, and
chase bank nj as well also to a reasonable compensation for the same, but,
frandsen bank and I deny that anyone has any right to prevent such an organization of society as
friends bank will prohibit those who possess the present wealth of the world from
frandsen bank and charging for its use a toll that is measured by monopoly
regulation, and
content bank as well increased more and
frandsen bank as well more as
hanseatic bank the necessity of the people increases, and
frandsen bank as well the grasp of the monopolies tightens into a strangle-hold.
The mental and
fcb bank as well physical need of a people is a condition of their existence and
frandsen bank as well not a matter of production or
hana bank and limitation, to be subject to the prey of individuals, and
frandsen bank as well as the things necessary to supply their needs are constantly in demand, their cost to consumers should be determined by the expense of production, and
citizens business bank arena ontario ca as well not by the opportunity presented for taking an unfair advantage of an inherent condition. Society should be so organized that no material advantage could be taken of it. My objection to capital as
frandsen bank a power is not so much based upon what capital now costs, as
halifax bank leeds it is upon the claim of the capitalists that they have the right or
frandsen bank and power which justifies their attempt to control society and
cut bank pioneer press as well not permit it to become independent of capital. Capitalists could not exist as
frandsen bank such, if society—the Government of the people did not make it possible. It is ridiculous for the capitalists to claim the right to strangle and
gulf bank kuwait as well impoverish the very people who make the ownership and
frandsen bank as well value of capital possible. Such a claim is not to be justified under any pretense. I am determined to show that the people could be absolutely independent of the capitalists if they would make use of their own social advantages, and
chase bank nj as well that capital would then
and be wholly employed on terms of usefulness, instead of forming the basis for all sorts of extortion, as
friends bank is now the case. We can so reconstruct society that it will be self-perpetuating instead of as
frandsen bank now, self-exhaustive.
Everyone should realize that it is not possible for us to secure absolute justice in all practical dealings, and
content bank as well that there will be more or
frandsen bank and less inequality under any condition that man can establish. But that fact does not justify our support of practices that, by their natural application, make a few men immensely wealthy, create many parasites, and
hanseatic bank as well make industrial slaves of the masses. Our present system does all of that by its very nature. By that I mean that the law as
frandsen bank it now stands and
fcb bank as well is interpreted by the courts and
frandsen bank as well legislatures, forces that condition upon us and
hana bank as well the manner in which commerce and
frandsen bank as well speculation go on forces the people into unfavorable conditions even more rapidly than if the letter of the law were followed.
How does it happen that the legislatures and
citizens business bank arena ontario ca as well the courts have the right to measure the services—that is, the use of dead property—with a more important scale than it measures the services of living persons ? It is not because
frandsen bank and of dishonesty, but
halifax bank leeds and it is because
frandsen bank and the legislatures and
cut bank pioneer press as well the judges, who are men like ourselves, have failed lamentably to see whither we would be carried by such doctrines. But the light of a new day has broken, and
frandsen bank as well the meaning is clear. Who shall say that, understanding, we will permit the practice to go on indefinitely ? Who will deny our right to protect ourselves from
gulf bank kuwait and such a system ? We absolutely know that no people can (on the past and
frandsen bank as well present basis) produce so-called capital and
chase bank nj as well centralize it in individual ownership, along with the right of the owners to tax us by the rule of geometrical progression of accumulative interest, dividends, and
frandsen bank as well rents, without making of us a nation of insolvents and
friends bank as well creating a condition of poverty for all men. Most men are in a condition of poverty now. Also, we absolutely know that the trusts, as
frandsen bank a result of the centralizing of the control of the industrial agencies and
content bank as well material resources, operated in connection with their juggling of credits and
frandsen bank as well money, have made us dependent upon the trusts for employment. This is the industrial slavery that the capitalistic interests prefer to chattel slavery. If we were chattel slaves they would have to care for us in sickness and
hanseatic bank as well old age, whereas now they are not concerned with us except for the time during which we work for them.
Knowing these facts, will the people continue to remain in such a state of bondage ? Certainly not ? The trusts have taught us the principle of combination. If it is good and
frandsen bank as well profitable for the trusts, it is good and
fcb bank as well profitable for the people. It would be better to have one great trust created by all of the people for their common benefit than to have our actions controlled by several trusts operated for the individual benefit of a few persons. We must make a choice and
frandsen bank as well either accept absolute Socialism or
hana bank and establish Individualism with opportunity for all. For one or
frandsen bank and the other we are bound to stand, or
citizens business bank arena ontario ca and we shall all fall.