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The Singletax and the Labor Movement

The Singletax and the Labor Movement


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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ...d read John Stuart Mills Political Economy as early as 1868, but his conclusions were due in the main to his own observations and reflections. The transcontinental railway system had been completed in 1869. As a result of this the western cities expected The Life of Henry George, New York, 1904, p. 156. SPEEKa SINGLETAX AND LABOR MOVEMENT H to achieve rapid development of industries and great increase of population. This expectation provoked inordinate speculation in land. By capitalization of its expected future values, the price rose far above the value measured by the income from- the actual use of land. Henry George was greatly impressed by this phenomenon, the consideration of which led him finally to his great discovery, described by him as fouows: Like a flash it came upon me that there was the reason for increasing poverty with advancing wealth. With the growth of population, lands grow in value, and the men who work it must pay more for the privilege. Owing to the growth of monopoly and of industrial production on a large scale, the opportunities for wage-earners in mining, farming and manufacturing on a small scale were, in his opinion, greatly lessened. The overland railway brought from the East crowds of settlers seeking fortune. Cheap labor from the Orient continued to pour in. As a result of these conditions wages in the West began to fall. After the opening of the railroad, eastern capital flowed in abundantly, but was invested mainly in acquiring mineral and forest lands and other natural resources, rather than in productive enterprises which might have resulted in a greater demand for labor. This inflow of capital from the Bast brought down the rate of interest. Henry George ascribed the decline in wages and the fall in..."


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Product Details
  • ISBN-13: 9781152147317
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 229 mm
  • No of Pages: 116
  • Spine Width: 7 mm
  • Width: 152 mm
  • ISBN-10: 1152147315
  • Publisher Date: 05 May 2014
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 181 gr


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