The Fallacy of Danger From Great Wealth
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In our eReader you can find the full English version of the book. Read The Fallacy of Danger From Great Wealth Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Fallacy of Danger From Great Wealth
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More laws could be enacted along that line if nec- essary, and thus fully protect every one with- out diminishing the motive to save and invest, which is so necessary for the welfare of society.
One would think, to read some things that have been written or said about the wealth of the rich, that they had their wealth in money on deposit in banks or perhaps locked up in their own safes; and that they were constantly adding to their "pile" thus locked up; and 12 THE FALLACY OF DANGER that there ...was danger that they would thus lock up all the wealth of the world, and what would the poor do then? Most of the fear of great wealth has as senseless a foundation as that. The truth is that the wealth of the rich has been paid out, invested in business where it is fixed, and could not be taken back by the owner. He could sell it and transfer it to some one else, yes. But how could the wealth put into railroads or factories or ma- chines be taken back by the man who has invested his money in them?
What to read after The Fallacy of Danger From Great Wealth?
You can find similar books in the "Read Also" column, or choose other free books by Harry Hubbard to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
More laws could be enacted along that line if nec- essary, and thus fully protect every one with- out diminishing the motive to save and invest, which is so necessary for the welfare of society.
One would think, to read some things that have been written or said about the wealth of the rich, that they had their wealth in money on deposit in banks or perhaps locked up in their own safes; and that they were constantly adding to their "pile" thus locked up; and 12 THE FALLACY OF DANGER that there ...was danger that they would thus lock up all the wealth of the world, and what would the poor do then? Most of the fear of great wealth has as senseless a foundation as that. The truth is that the wealth of the rich has been paid out, invested in business where it is fixed, and could not be taken back by the owner. He could sell it and transfer it to some one else, yes. But how could the wealth put into railroads or factories or ma- chines be taken back by the man who has invested his money in them?
What to read after The Fallacy of Danger From Great Wealth?
You can find similar books in the "Read Also" column, or choose other free books by Harry Hubbard to read onlineMoreLess
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