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This Is A New Release Of The Original 1921 Edition.
This scarce antiquarian book is a selection from Kessinger
Publishing's Legacy Reprint Series. Due to its age, it may contain
imperfections such as marks, notations, marginalia and flawed
pages. Because we believe this work is culturally important, we
have made it available as part of our commitment to protecting,
preserving, and promoting the world's literature. Kessinger
Publishing is the place to find hundreds of thousands of rare and
hard-to-find books with something of interest for everyone!
1921. In this book, Mr. Klein proposes that private fortunes should
be limited so that the surplus or excess over a certain amount,
goes to the government. In this way, government becomes the
principal stockholder and bondholder in all monopoly and draws the
bulk of revenue therefrom; the cost of government is defrayed out
of income on public property, the cost of living reduced, the wages
of employees increased, and the interests of small stockholders and
bondholders benefited. Taxation in time disappears and government
and business become simplified.
The Federal Constitution is intended to preserve free institutions
in the United States. It was amended for Prohibition and Woman
Suffrage. Why not amend it to limit excessive private fortunes? The
Sherman anti-trust law has failed to check extortion by private
monopoly. Why not check the greed of those who control private
monopoly? -from Dynastic America The early 20th-century equivalent
of today's aggressive and opinionated political bloggers, Henry
Klein wrote a series of searing diatribes against what he perceived
as the civic and social injustices of his day. Here, Klein decries
the "invisible government" of "great wealth," the legacy of the
Gilded Age that showed no sign of giving up its privileged position
in the post-World War I period. This book, first published in 1921,
combines Klein's enraged commentary with the irrefutable facts of
the concentration of wealth in America. His lists of who possessed
stunning amounts of wealth are staggering-Andrew Carnegie was worth
$300 million; William Waldorf Astor, $200 million-but they are
nothing to the unimaginable billions today's richest command. As
both historical document and cautionary warning in today's highly
divisive economy, this is a fascinating book. HENRY H. KLEIN also
wrote Standard Oil or the People (1914) and Bankrupting a Great
City (1915).
In this book, Mr. Klein proposes that private fortunes should be
limited so that the surplus or excess over a certain amount, goes
to the government. In this way, government becomes the principal
stockholder and bondholder in all monopoly and draws the bulk of
revenue therefrom; the cost of government is defrayed out of income
on public property, the cost of living reduced, the wages of
employees increased, and the interests of small stockholders and
bondholders benefited. Taxation in time disappears and government
and business become simplified.
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