The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-09-02
WOULD CURB
EXCESSIVE.
FORTUNES!
Financial Expert Says Mon
slor Private Money Hordes
Should Be Limited
n HENRY II. KLEIN

N HENRY II. KLEIN
ma D<pney Csmnnlssaewes Of Aecsunts
y Nee YarA CITY, Hnt Autheg ~
sDyneeels Amestes end Those whs
This nation has arrived At that
uearo b is Industrial development
$500 excessive private fortunes
8 onoula ~ limited.
nvsry nation has arrived AZ .
c1r11,ne stage In history. In biblical
$3.50 ne Jeys rsdistributed private
1roperty every 50 years. They called
tho Jubilee year. Every seven
1oaro they reunited debts
ooIon. known ~ the iawgiver ana
- man. knitted land holdings In
4 ehosm about 500 y. c.. and the
1rdn1nn laws were passed In Rome
y ~ fourth century u. C. Tor the
nrno porpose.
T2o YrencA revolution was duo to
~ rxood u royalty ana continued
3on16c1 On the part Of tho govern
n11G ana the havoc Of our own
IN var Was caused by tbs greed
/, - nrrownncs Of those who had
1870 rich On 9 wrong economic
1Rroossavs wealth concentration =
t1Snunsibls for turmoil ana strife
X m nsou& countries today.
Nlunenry had It's civil war ana IT,
nounontaSy redistribution Of prop
orev. ana italy Is still In the throes
y oiooA lnternecins strife
0nn1n and France demand cap
- N ana Great Britain also has
I, - nronlam Of wealth concentration.
rn1rutvo land holdings there are
$3.50 bgohen up
4 a capital tax m an countries TO
a - me cost Of war. was seriously
- ct the Peace conference IN
u 8 evident hat statesmen realize
\ ~ situation. The need Of the day
r xon65ngtmenk-
n aiselent days wealth oonsisted
S1n9x q land, houses. flocks and
!, nGnen. Ther~ vas no utilities
vonnoh e Ihrgs Industrial corpora
8 NAY. railroads.. local uti1itiss
:. - Industries. constitute about half
+ ~ Voalth Of the country and con
~ NE other hAlf.
~ hresst share o. this wealth
T. ~ sAs hands of second. third.
1S0r1A ana ilfsh generations. Who did
m111o - nothing 10 earn n
n = ~ years. virtually an lASgo
noinnoo wiu be IN their hands.
G1nl1 ~ permit excessivs wealth.
oocn1nula don "a. continued Shan ~
rsm1t. Or Instance. Rockefellers
HorfrGrandehlidren to reap the bsna
y u 6heut o1le.eoo. ooe . year pre-
$50 " : wrong economic syssens
- = No lav % the statute
4 Gook today that has raeezictad The
sooo u privats nenopoly. and -
Z no = yF3vate menopoly n con-
$500 " the Nv, - 1pog win the
oGD = Deop3e suffer.
~ ooo6, sDYnastio Amerioa snd
161o Whe Own H." showS who the
800 OwDor6 q monopoly are and it
10u DAT tholr incemes are far
~ man when IL income tAx
{ Eue vGnt into effect The income
~ = uersly : measure for raiain1
@S esntsos q monopoly must
kam out q tho hands u the
\ NV an6 Transferred % the goveru-
y nnor1. 1Ais en- b done. without
j ocrG ~ limiting what The individual
/ 16m nAxe.
y tnis ~ he govssnmsnt ~
~AAmAAayAAo M
( 1GnGAooosR - the leading mon
4 1850 eorpogattena. the eest Of
Z ~ = reduced the eost q gevern
1 aefrayeA out q income on
1870 pruperty. the rate n waGss
Z 03mroas,d ana the intsssst q small
4 = snaaAes. and bondholders prop
\ 01CP 0nleguarded.
Ih1nsion IN time dlsappears. and
M q perjury and an other crimes
( 1nd0eat N IT. train.
ne flrse suggestt0n u = eonstitu.
oDooo1 nmieation Of sxeessive private
3 1ogounes Was mads In the house Of
uonrooontatives on August ~. last.
& $50 coneresoman VIM A. OIdfieId
q Aslknnnns. h = liscusslon on the
nDv Iax I'm. read numerous a.
o1nets from my book. and concluded
\ ~ epsseh " ssayins that unless az
GruGve incomes were sufficiently
\ eoxo6. NJ favored . limitation Of
pr1vnte fortunes rs I suggest.
r. the constitution Of tho United
0ta1oo can be amended for prohibit
I 1Doo and woman suffrage. why can
& NJ ~ amended TO limit excessive
woolfh HOLDINGS?