The Basis Policy of Socialism
The Basis Policy of Socialism
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During the year 1906-7 the revenue from the death duties was £18, 958, 763. In the period 1894-5 to 1906-7 no less than £212, 488, 604 was collected from the death duties, an average of £17, 707, 383 a year, as against £9, 979, 691 in 1893-4 (Cd. — 3. 686).
The extension of these means by the Socialist Chancellors of the Exchequer of the future will extinguish unearned in- comes, and so far as taxation can do it, bring about the emancipation of the people from private monopoly.
II. CAPITAL AND ...LAND THE practical aim of Socialists with regard to the materials of wealth is " the emancipation of land and industrial capital from individual and class ownership, and the vesting of them in the community for the general benefit. " Land and capital are instruments with which man works for the production of wealth, material for the maintenance of his existence and comfort. Now it is im- portant to notice that, though in common talk we separate the two, and though political economists have given a scientific dignity to this rough classification of the instru- ments of production, distinguishing as " land " that which has been provided by " Nature, " and as " capital " that which has been made by human industry, the dis- tinction is not one which can be clearly traced in dealing with the actual things which are the instruments of pro- duction, because most of these are compounded of the gifts of Nature and the results of human activity.
What to read after The Basis Policy of Socialism?
You can find similar books in the "Read Also" column, or choose other free books by Sidney Webb to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
During the year 1906-7 the revenue from the death duties was £18, 958, 763. In the period 1894-5 to 1906-7 no less than £212, 488, 604 was collected from the death duties, an average of £17, 707, 383 a year, as against £9, 979, 691 in 1893-4 (Cd. — 3. 686).
The extension of these means by the Socialist Chancellors of the Exchequer of the future will extinguish unearned in- comes, and so far as taxation can do it, bring about the emancipation of the people from private monopoly.
II. CAPITAL AND ...LAND THE practical aim of Socialists with regard to the materials of wealth is " the emancipation of land and industrial capital from individual and class ownership, and the vesting of them in the community for the general benefit. " Land and capital are instruments with which man works for the production of wealth, material for the maintenance of his existence and comfort. Now it is im- portant to notice that, though in common talk we separate the two, and though political economists have given a scientific dignity to this rough classification of the instru- ments of production, distinguishing as " land " that which has been provided by " Nature, " and as " capital " that which has been made by human industry, the dis- tinction is not one which can be clearly traced in dealing with the actual things which are the instruments of pro- duction, because most of these are compounded of the gifts of Nature and the results of human activity.
What to read after The Basis Policy of Socialism?
You can find similar books in the "Read Also" column, or choose other free books by Sidney Webb to read onlineMoreLess
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