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Updated: May 2, 2025
Had Snarley received a due share of the unearned increment which his own and his rams' achievements brought into other hands he would probably have died a millionaire. But for all his toil and skill he received no more than a shepherd's wage. There were not wanting persons, of course, who regarded his condition as a crucial instance of the exceeding rottenness of our present industrial system.
The millionth part of a farthing put out to interest at ten per cent, will in five hundred years become over a million pounds, and so long as we have any millionth of a millionth of the farthing to start with, our getting as many million pounds as we have a fancy for is only a question of time, but without the initial millionth of a millionth of a millionth part, we shall get no increment whatever.
Mrs Garlick offered her a rise of £1 a year to stay. She was already, because she would stop and most servants wouldn't, receiving £18, a high wage. She refused the increment. Pushed by her passion for economy in mutton, Mrs Garlick then offered her a rise of £2 a year. Maria accepted, and Mrs Garlick went without mutton.
He had absorbed the unearned increment and I had my original capital, the bean poles, intact and that's more than most of us realize on small investments, nowadays. So I dare say he thought I had nothing to feel grieved about. Later he would sally forth and carry out his artistic dreams on my Hubbard squashes. I have never had Hubbard squashes pruned into such artistic shapes as that year.
The income of a czar was still rolling in on him from coal, iron, real estate, oil, railroads, manufactories, and corporations, but none of it touched Jacob's hands in a raw state. It was a sterilized increment, carefully cleaned and dusted and fumigated until it arrived at its ultimate stage of untainted, spotless checks in the white fingers of his private secretary.
Restrictive immigration is to a large degree for economic purposes. It is applied in order that we may not have a larger annual increment of good people within our borders than we can weave into our economic fabric in such a way as to supply their needs without undue injury to ourselves.
Darwin's magnificent achievement. "There are only two conceivable ways," he writes, "in which any increment of brain power can ever have arisen in any individual. The one is the Darwinian way, by 'spontaneous variation, that is to say by variation due to minute physical circumstances affecting the individual in the germ.
These lower grades, especially the impecunious, or marginal, gentlemen of leisure, affiliate themselves by a system of dependence or fealty to the great ones; by so doing they gain an increment of repute, or of the means with which to lead a life of leisure, from their patron.
My mind at least in that respect was at rest; and it certainly looked as if the long-nursed scheme was about to be realized. In a few years the unearned increment was at least 100 per cent.; rents also went up surprisingly, and also, alas! the taxes.
The increment of wealth that has gone to large capital in this country in the census period 1900-1910 is certainly less than what has gone to small capital. Farm lands and buildings have increased in value by $18,000,000,000, while the increased wealth in farm animals, crops, and machinery will bring the total far above $20,000,000,000.
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