Unearned Increments: Societally-Granted Privileges |
[Originally published in the St. Louis Star-Times. Reprinted
from Land and Freedom, July-August, 1935]
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In an off-hand, impromptu fashion, privilege may be defined as the
legally protected right to a flow of income and benefits from legally
recognized and protected property rights. Privileges may be earned,
such as the income derived from funds which the recipient himself
has earned and saved; privileges often are entirely unearned, such
as the income derived from inheritances of a vast nature, unearned
income in site value in city land (community created wealth) or
natural resources. Nature gave man a great abundance of natural
resources free and man has been attempting to correct that oversight
ever since by charging mankind plenty for these useful, indispensable
natural resources. Unearned income derived from inheritance, natural
resources, site value, and other unearned sources, as monopoly
franchises, may be regarded as unearned privileges divorced from
the performance of necessary economic functions. Abraham Lincoln
once defined the parasitic privileged class as those who live by owning
rather than by doing.
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