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Good Sense About Wealth

Good Sense About Wealth image
Parent Issue
Day
10
Month
February
Year
1897
Copyright
Public Domain
OCR Text

The current aitation of the taxation uestion is exciting much interest among he investing classes, and evokes genial dissent. An invidious, exeessive tate tax on the rich would simply esult in driving that class out of the tate ; and, even worse, it would drive ie thrifty, after they had accumulated fortune, out of the country. Tliis ountry would then, sooner or later, uffer as, 'Old Ireland" now does from bsenteeism. The rich always keep ïeir money invested and henee in ircnlation all the time. By loaning it ut on bond and mortage, or in the purhase of real estáte or securities, they ealize an income. If thëy looked it up, s tnany people in the West and South ïave been educated to believe is the ase, they would really be using their wn money to break their backs, as they ould lose all income from it. Men ho have had the sagacity and capacity o inake a fortune in this country are too iuewd to hoarJ or keep their money ocked up in a safe deposit box, which uts off all income. For money to make money, it must be put at interest or for )rofit in sonae way or other. The more xtravagance amongst the rich the better t is for the trades people and their riny of employés. The rich become ess rich thereby and the poor better off. 'here is no better method than this to tribute wealth. The rich are not to e feared in this country by the poor, s the entailing of estáte ia prohibited nd all property is always in the chanels of commerce.

Article

Subjects
Old News
Ann Arbor Courier