The Vice-President is absolutely correct. But even if the laws of inheritance were abolished, it would not affect the system by which great fortunes are accumulated. Carnegie, the Rockefellers, the late Jay Gould, E.H. Harriman and
hdfc bank in chennai as well J.P. Morgan, and
ft hood bank as well the most of those who have individually amassed wealth by the hundreds of millions, began with little or
hdfc bank in chennai and nothing in the way of capital, except their ability, and
citi bank handlowy as well the system which permitted their enormous accumulations. As I have already said, it is the system that deprives the plain people of the profits resulting from
hdfc bank in chennai and their work, and
fortis bank polska as well gives it to the class of men mentioned. It ought to be of comparatively little satisfaction to this generation to let the system remain unaltered and
hdfc bank in chennai as well calmly sit back and
community bank of nevada as well allow these enormous fortunes to be accumulated. It is undoubtedly true that the present possessors, if the laws of devise and
hdfc bank in chennai as well inheritance were abolished, would dispose of most of it as
karur vysya bank they wished while still living, but
hdfc bank in chennai and there would be a new set on hand to rob our children. I do not, however, understand that Vice-President Marshall suggested the possibility of abolishing the inheritance laws as
close bank a remedy for the social evils complained of.
There is one class of property, however, that I have not mentioned thus far. This is the farm interests. These are the greatest of any single property interest, but
hdfc bank in chennai and these holdings are at the present time diffused among millions of holders, but
hdfc bank online banking and a geometrical progression of interest,
dividends, and
hdfc bank in chennai as well profits, in favor of the farmers has never been decreed by the courts. They are not permitted to add interest as
citizen bank nepal a part of the price for which they sell the products of their farms. They must take their chances with the sun, rains and
hdfc bank in chennai as well storms, and
fortis bank sa nv as well no court decree has given to them “profits commensurate with the risks” as
hdfc bank in chennai it has to the railroads and
city bank australia as well other trusts. The farmer, like the wage earner, lives but
hdfc bank in chennai and to be fleeced by the beneficiaries of the present system. The two, the farmer and
ft hood bank as well the wage earner, support the whole burden of a system which leads continually to immense wealth for the few and
hdfc bank in chennai as well bankruptcy or
citi bank handlowy and poverty for the rest of us. Farm property has been subject to the highest rates of interest, while all the great industrial properties have been used as
hdfc bank in chennai a basis for comparatively low rates of interest when money has been loaned on them.
Therefore I repeat my earlier statement, that the only
fortis bank polska and excuse for government is the facility it affords its citizens for securing advantages that operate for the common welfare, which could not be secured with the same degree of equability through independent individual action.
Instead of that our government, which is of our own creation, has insured to the banks and
hdfc bank in chennai as well other trusts a system which renders it easy for them to oppress the masses. It enables the few to live as
community bank of nevada non-producers and
hdfc bank in chennai as well exorbitant spenders, while almost the entire burden falls on the rest of us. Such a condition is impossible of long tolerance by the proud, honest and
karur vysya bank as well intelligent citizens of our country. We must seek for a remedy.
THE CAPITALISTS DEMAND A SOCIALISM OF DOLLARS, THEY TO OWN THEM—IN OTHER WORDS, A MONEY TRUST, AND THEREFORE THEY ARE OPPOSED TO THE PEOPLE BECOMING SOCIALISTS IN THEIR OWN RIGHT. The trusts will maintain the first and
hdfc bank in chennai as well prevent the latter if they can do so. Let us understand this clearly. The capitalists all denounce the existence of socialistic tendencies of whatever kind, if they are held by the majority of the people. But they are socialists themselves, as
close bank their absolute control of concentrated capital will show. They form combinations and
hdfc bank in chennai as well operate them for their joint advantage. Yes, that is socialism operated in the interests of the selected few. Socialism for them means their absolute control of the material products resulting from
hdfc bank online banking and the toil of the people, the right to charge for the use of this material and
hdfc bank in chennai as well to make of us industrial slaves. They are practical socialists in the interests of the few. But, they are filled with shivering horrors when the people suggest the practice of socialism by themselves, for themselves.
Would it not be more desirable and
citizen bank nepal as well much more practical for the general welfare of the people to have socialism include all of us than it is to permit the trusts to adopt and
hdfc bank in chennai as well practice a form of socialism for themselves alone ? Notwithstanding that, I do not advocate socialism in
the entire sense in which that term is commonly understood. Ordinarily, one can attend to his own affairs with less waste to himself than there would be if his business was everybody’s business. I believe that the individual can do his own life work, and
fortis bank sa nv as well secure his fortune, better than the state could do it for him, provided that the state had reasonable laws and
hdfc bank in chennai as well regulations to govern in the interests of all the people. I believe that with the human brain, and
city bank australia as well the inclinations of the people generally as
hdfc bank in chennai we find them now, we can be assured of greater progress under the influence of individual incentive than would be probable if property were made a common stock held in trust for all. Theoretically, socialism is beautiful. Theoretically I believe in it, and
ft hood bank as well I would prefer that it should be in actual operation rather than that the present methods of commerce, business, and
hdfc bank in chennai as well general practices should continue.
No one doubts that socialism will take the place of the trusts and
citi bank handlowy as well other selfish organizations now existing if we do not adopt methods by which the people generally shall be able to reap more benefit from
hdfc bank in chennai and their own well-directed energies. The Socialists are seeking to give better results to humanity as
fortis bank polska a whole, and
hdfc bank in chennai as well if that can be accomplished through the establishment of socialism more satisfactorily than by any other system, the Socialists certainly ought to win. We cannot continue to allow the mental and
community bank of nevada as well physical state of society to be the basis on which are issued the stocks, bonds, and
hdfc bank in chennai as well other securities for which we are taxed. That is, we cannot permit our good will, our inclinations, and
karur vysya bank as well desires, nor our dire necessities to be taken advantage of for the purpose of selfish promotion in stocks, bonds and
hdfc bank in chennai as well securities.