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Updated: May 31, 2025
The Rentier lives on the proceeds of work done in the past by him or by some other person; and it is not good for our economic health that he should grow too fat at the expense of those who are working now, lest the latter be discouraged and work with less spirit.
The latter instead of taking office, as an ancient Grandissime should have done to the dismay and mortification of his kindred, established himself in a prosperous commercial business. The elder bought houses and became a rentier.
This does not mean that there will have been any disappearance of private property, but only that there will have been a very considerable change in its character; the owner will be less of controller but more of a creditor; he will be a rentier or an annuitant.
The man you have sent us is not Fosco. Of Fosco he has only the baldness, the air benevolent, and the girth. The brand on his right arm is no more than the mark of vaccination. Brought before the Commissary of Police, the prisoner, who has not one word of French, was heard through an interpreter. He gives himself the name of Piquouique, rentier, English; and he appeals to his Ambassador.
The rentier in these days gets less than no sympathy, but we make a great mistake if we think that we can with impunity crush him between the upper and nether millstone of fixed income and rising prices. With his help we have equipped industry at home and abroad. We can, if we choose, by depreciating the currency still further, lessen still more the reward that we pay him for that benefit.
Will you condescend to borrow from me? I am in funds." Lemercier at that offer was nearly moved to tears. Famished though he was, he could not, however, have touched that girl's earnings. "You are an angel of goodness, Mademoiselle! Ah, how I envy Gustave Rameau! No, I don't want aid. I am always a rentier." "Bien! and if you see Gustave, you will not forget." "Rely on me.
For a man to have his name on the Grand Livre is to constitute him what is called a rentier, rentes being the French word for dividends from the public funds. The Grand Livre is kept at the Ministry of Finance; that building Ferré ordered to be summarily destroyed, uttering the words, "Flambez Finances."
If, therefore, we penalise the Rentier too severely we shall discourage his future creation; the present race of earners, if they see that those who are living on past savings are shorn too close will be deterred from saving, will put their surplus earnings into extravagant spending instead of into plant and equipment, and the economic future of the nation, and of the world, will be pro tanto less hopeful.
On the other hand, there will be an enormously increased rentier class drawing the interest of the war loans from the community, and maintaining a generally high standard of comfort. There will have been a great demand for administrative and technical abilities and a great stimulation of scientific and technical education.
Hoare's Scheme described and analysed The Position of the Rentier Estimates of the Post-War Debt The Compulsory Loan Proposal What Advantages has it over a Levy on Capital? The Argument from Social Justice Questions still to be answered The Choice between a Levy and Stiff Taxation Are we still a Creditor Nation? Our Debt not a Hopeless Problem Suggestions for solving it.
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