Fabian Essays in Socialism

Cover Fabian Essays in Socialism
Fabian Essays in Socialism
Fabian Society Great Britain
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And here we have checkmate to mere Henry Georgism, or State appro- priation of rent without Socialism. It is easy to shew that the State is entitled to the whole income of the Duke of West- minster, and to argue therefrom that he sliould straightway be taxed twenty shillings in the pound. But in practical earnest the State has no right to take five farthings of capital from the Duke or anybody else until it is ready to invest them in pro- ductive enterprise. The consequences of withdrawing capi...tal from private hands merely to lock it up unproductively in the treasury would be so swift and ruinous, that no statesman, liowever fortified with the destructive resources of abstract economics, could persist in it. It will be found in the future as in the past that governments will raise money only because they want it for specific purposes, and not on a priori demonstrations that they have a riglit to it. But it must be added that when they do want it for a specific purpose, then, also in the future as in the past, they will raise it without the slightest regard to a priori demonstrations that they have no right to it.

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