Chapter III: Book I: The Divisible Wealth of the United Kingdom

CHAP. PAGE

I. The Welfare of the Home, as the Logical End of
Government—

A Ground of Agreement for all Parties 3
Facts and Principles which are the same for everybody 6
The Income of the Individual as the Aim and Test of
Government 8
Private Income and the Empire 10
Patriotism and the Home 11
Cupidity as a motive in Politics 12
The right Education of Cupidity 13

II. The Conditions involved in the idea of a Legislative
Redistribution of Wealth; and the Necessary
Limitations of the Results—

Cupidity and the Poorer Classes 14
The Limits of Sane Cupidity as fixed by the Total
Production 16
Unforeseen Results of an Equal Division of Wealth 18
Contemporary Agitator on Slavery 20
Workmen as their own Masters 21
Ownership of the Means of Labour impossible for
Modern Workman 22
Equality possible only under a Universal Wage-System 24
Equality and Universal Labour 26

III. The Pecuniary Results to the Individual of an Equal
Division, first of the National Income, and secondly
of certain parts of it—

The Income of Great Britain 27
Division of the National Income 29
How to divide the Income equally 30
Shares of Men, Women, and Children 31
The Maximum Income of a Bachelor 32
Smallness of the result 33
Maximum Income of a Married Couple 34
Practical absurdity of an Equal Division of Income 36
A complete Redivision of Property advocated by nobody 38
The attack on Landed Property 40
Popular ignorance as to the Real Rental of the
Landlords 42
The Landed Aristocracy 44
Multitude of Small Landowners 45
Owners of Railway Shares and Consols 46
Inappreciable cost of the Monarchy 47
Forcible Redistribution impossible 48

IV. The Nature of the National Wealth: first, of the
National Capital; second, of the National Income.
Neither of these is susceptible of Arbitrary
Division—

Difference between Wealth and Money 49
Wealth as a whole not divisible like Money 52
More luxurious forms of Wealth incapable of division 54
The Wealth of Great Britain considered as Capital 56
The elements which compose the National Capital 58
Ludicrous results of an Equal Division of Capital 60
Division of Income, not of Capital, alone worth
considering 62
Elements which compose the National Income 64
Material Goods and Services 66
Home-made Goods and Imports 67
Two-thirds of the Population dependent on Imported
Food 68
Variation of the National Income relatively to the
Population 70
Incomes of other countries compared with that of
our own 72
Productivity of Industry not determined by Time 74
Unperceived increase of the Income of the United
Kingdom 76
Immense Possible Shrinkage in our National Income 78
The Great Problem 80