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actively engaged in industrial pursuits. As the general prosperity of each city depends upon the earnings of this one hundr

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ed thousand, and the accumulations in capital and wealth upon the amount saved by these productive classes, let us make a re

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lative estimate of the opportunities each possess in individual savings. Having no common[Pg 191] medium of exchange upon wh

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ich to base our estimate, let us take the value of a day’s labor for that purpose. The income of a city is derived from two

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sources, the aggregate wages of its inhabitants, and the combined profits of its capital. The latter, however, being entire

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ly derived from consumers, is largely contributed to by the inhabitants themselves. And for the reason that all imported pro

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ducts, as well as those exported, bear the profits of capital in their rates o

f sale, we may safely say that an amount very nearly equal to the whole profits of capital of a city is paid by the consumers within its limits as capital profits. The chief source of your city’s yearly income then is about thirty-one mi

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llion days’ labor. Out of this you must pay for expenses, under your system, two million days’ labor for government taxes,

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fifteen million days’ labor for ground rent, two million days’ labor for water, two million days’ labor for insurance, a

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nd with the balance of ten million days’ labor you must pay the cost of food, raiment, fuel, the portion of rent estimated

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in buildings, together with the various incidentals of furniture and house lights. You will observe that all these expenses

except the first are largely loaded with the profits of capital, so that with the income and exp

ense as[Pg 192] set forth you may be in a progressive condition, as that term is defined by you.

That is to say, your capital may increase, and your wealth may be very greatly augmented. The e

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