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Updated: June 8, 2025
Even the small farmer who hires no labor, and does not even own his farm, will probably be held, as a class, by capitalism, but only by the collectivist capitalism of the future, which will probably protect him from landlordism by keeping the title to the land, but dividing the unearned increment with him by a system of long leases, and using its share of this increment for the promotion of agriculture and for other purposes he approves.
Income taxes, except when too high on earned incomes, do not destroy initiative, and every other government has, in taxing, recognized the essential difference between earned and unearned income. This distinction would generally relieve the range of smaller incomes, for they are mostly earned. The inheritance tax has not been fully exploited as yet.
Heathcote would have said no word about it to any one, and would not have stopped a farthing from the week's unearned wages. That he had to encounter a certain amount of ill usage from the rough men about him, and to forgive it, he could understand; but it could not be his duty, either as a man or a master, to pass over dishonesty without noticing it.
The knowledge that he would enjoy Randall Clayton's real patrimony; that he had stolen a charming wife from the man who was bound by an unearned gratitude to Worthington, made this hour of triumph a most delicious one. "Old Hugh needed me; he needed a man who would be a safe intermediary with Durham; one who was a Safe Deposit for both senator and millionaire.
This forgiveness, this most sincere and entirely unearned amnesty, this oblivion of the sins of the people of God do we hear very much about it now, even where by tradition it might be most expected? But do we not need it now?
In both cases there is or will be "unearned increment," or society-created values; but in the one case he gets the increment, while in the other case he pays it. Obviously, a larger advance would be justified in one case than in the other. One of the first recommendations made by me in my report of seven years ago was that the Government build a railroad from Seward to Fairbanks in Alaska.
The police were never quite sure whether to arrest him for treason or let him blow off steam and exhaust. They wisely chose the latter course. Prosperity came to the town. The man sold his small bit of real estate for something under a hundred thousand. He didn't stay to divide his unearned increment among his fellow agitators. He hied him to retire to the land where "the flag was a bloody rag."
Also, I was obliged to admit to myself that if I were a labor leader, trying to hold together a group of half-educated men in the face of public sentiment such as existed in this city, I might not have the same carefree, laughing attitude towards life as a certain rich young man whose pockets were stuffed with unearned increments.
"Plato," she suggested, "I think we'll go round the other way to-night, if you don't mind." Visions of Mars Geo'ge disappointed, of a dollar unearned and unspent, flitted through the narrow brain which some one, with the irony of ignorance or of knowledge, had mocked with the name of a great philosopher. Plato was not an untruthful lad, but he seldom had the opportunity to earn a dollar.
It seemed to Peter that every time he fell asleep it was to the music of proletariat and surplus value and unearned increment, possibilism and impossibilism, political action, direct action, mass action, and the perpetual circle of Syndicalist-Anarchist, Anarchist-Communist, Communist-Socialist and Socialist-Syndicalist. Section 34
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