Popular Progress the Cause of Agricultural And Industrial Depression And the R

Cover Popular Progress the Cause of Agricultural And Industrial Depression And the R
Popular Progress the Cause of Agricultural And Industrial Depression And the R
Thomas Donohue
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TAXATION. 157 ever, in the United States is not agrarian; it is industrial. One hundred years ago agriculture might have been reasonably looked upon as the only productive industry; but modern condi- tions have made possible numberless methods of combinations and change, and the finished pro- ducts of the past century are only the crude ma- terials of today. Hundreds of forms of wealth and methods of attaining wealth are in exist- ence today that were unknown a century ago, and the single tax i
...s too limited for the compli- cations of modern business. Our ordinary land- owning farmer is the poorest paid toiler, whilst our men of greatest wealth and greatest ability of producing wealth may possess but little land. There is no monopoly of land in the United States. Farms may be purchased, even in the Empire State, almost for a song. Land grab- bing in cities and suburbs, where there is prom- ise of enormous "unearned increments, "* is, as a rule, carefully watched and assessed according *The principle of "unearned increment" en- ters into every branch of business that is depend- ant upon a valuable market.

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