New Iberia enterprise. (New Iberia, La.) 1885-1902, 1895-02-02
ADVANCED POLITICAL ECONOMY.
Effects Of the Release Of Industry
from Taxation.

| ! cannot pa, Upon any 81 ce. instrument but
| / can tell yo,. -uw OF a hitle village 10 make a
| great and glorious city fhea,sfocie.
| Instead of the thorn shall came mp the fr tree.
aud Instead oi the btisr shall come up the myrtle
| Tree.
And ih.g .halI build houses and lhhabit them
and they shall plant vineyard, and eat The fruit at
| them. They shall not build and another infabii
| thet shall hot plant and another eat - isagA.
When it is first proposed to put
all taxes upon the value of land.
and thus contiscate rent. all land
holders are likely to take the alarm.
and there will not br wanting ap-
peals 10 the fears of small farm and
homestead owners. Tho VIII he told
that this Is proposition to rob
them of their hard earned property.
But moments reflection will show
that this proposition should com
mend itself TO all whose interests
as landhollcrS do not largely ex-
ceed their interests rs laborerS or
capitalists. or both. And further
consideration will show that though
the large landhOlierS may lose rel
atively. yet even in their case there
will be an absolute gain. For. the
increase in production will be so
great that labor and capital will
gain very much more than will be
lost TO private land ownership.
hiie t" these gains. and in the
greater ones involved in n more
healthy social condition, the whole
community. including The land own
erS themselves. will share.
In n preceding chapter | have
gone over the question of what is
dne to the present landhol'lrrS. and
have shown that they have no
claim to compensation. But there
is still another ground on winch we
may dismiss all idea ot compcnSa-
tlon, They will not really be injured.
IL is manifest, OF course. that the
change | propose will greatly bene
lit all those who ike bv wages.
nrhanG or of hcad-labOr
er>. operatives. mechanics. clerks. |
professional men of all sorts. 1t is |
also. that it will benefit |
all those who live partly by wages
aud partly 10y the earnings of their
rapltal->'orekeeperS. merchants,
manufacturers, employing or un-
lertaking producers ndeXchangerS
Of all SortS-irom the pe,ldler or |
lrayman TO the railroad or steam
ship owneI-and it is likewise man.
fest that i will increase the in.
rOmes of those whose incomes are
"" the earnings OF capital.
D. from Investments other than in
lands, save perhaps the holders of
bonds or other S+curi- |
Ties bearing fixed rates of interest,
which will probably dcpreciatc in
selling value, owing to the Iise in
The general rate Of interest. though |
lue income from them will remain
the same.
Take, now. the case OF the home
stead Owner-the mechanic, store
keeper, or professional man who has
secured himself II house and lot,
where he lives, and which he con
with satisfaction as a
place from which his family cannot
I've elected in case of his death. He
will not be injured OH the con.
trary, lie will he the gamer. The
selling value of his lot will dimin.
it will entirely
But it's usefulness to
him will not disappear. 1t will
serve his purpose as we'll as ever.
While. as the value of all other lots
will diminish or disappear in the
same ratio, he retains the same Sc.
curity of always having u lot that
he had before. That is to say, lie
is a loser only as the man who has
bought himself a pair of boots may
be said to be a loser by subse.
r" "nt fall III the price of boots.
! ~ boo, i'll be just rs useful to
hin, and ,e next pair of boots he
can get cheaper. So, to the home.
stead owner, his lot will he as use.
fhl, and should he look forward to
getting a larger lot, or having his
children, "a they grow up, get
homesteads of their own, he will
even in the matter of lots, be the
gamer. And in the present, other
things considered, he will he much
the gamer. For though he will
have more taxes to pay upon his
land, he will be released from taxes
upon his house and improvements,
upon his furniture aud personal
upon all that he and bis
family eat, d'ink, and wear, while
his earnings will be largely in.
hy the rise of wages, the
rOn.tant employment, and the in.
creased briskness of trade. His
DBly loss will be il he wants to sell
bio lot without getting another, and