Why pay tribute?: The limitation of incomes, the remedy for watered capitalization, the progressive income tax with tabulation [Unknown Binding]

John W Batdorf (Author)

Book Description

Publication Date: 1908

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908. Excerpt: ... a ruthless man, by controlled power, to burden the unfortunate toiling classes with the unjust monopoly which now oppresses them. Monopoly is simply a selfish desire, which all men exercise as a scheme to entrap other people's produced wealth. If unlimited in its scope to make the price of what it purchases and the price of what it sells, it rules for selfish benefit. If, however, it is properly and justly limited, by the community who purchase and by the community who sell, then monopoly becomes the servant of a well governed people. GOVERNHENT AND INCOME GRAFT. Governmental graft is a perquisite of political power given to the recipient in a secret way. No one who receives graft ever desires it to be known that he has been so favored. The entire community condemns it; but when tempted, it is only human to receive a portion, when friends and the public are not aware of it. The power of graft to consume collected taxation or to add expense to public improvements, has been demonstrated so many times, that the community as a whole rather looks forward to the next scandal of exposed graft in which some of the best members of social and church circles will be involved. There is no way to end it, so long as there are men of finance and promoters of schemes of public utilities, who can obtain from purchased or controlled legislators, the franchises necessary to establish corporations, using them to produce Watered Capitalization with the intention of selling the shares to the public. The adoption of the two proposed amendments, would cure the most of this crime against society. In the first place all corporations would have a monopoly of their utility up to a ten per cent. dividend, limited only as to competition in their special line of commodity. The legislat...

--This text refers to the Paperback edition.

Product Details

• Unknown Binding: 112 pages
• Publisher: Volunteer Press (1908)
• Language: English
• ASIN: B00087SKPW