"The case for socialism"
The case for socialism
Four National faults
Economic Inequality. The distribution of income and property is amazingly unequal. The
most recent investigations suggest that 10 per cent of the population recieve over 45 per cent
of the national money income, while 90 per cent recieve the remaining 55 per cent. The
distribution of property is even more uniequal. 1 per cent of the population own 60 per cent of
the saleable assets of the nations. Individual incomes range from £1 000 000 a year to £50 per
year. This extreme degree of inequality is due to the right of inheritance at present vested in
the legal institution of property. Large individual fortunes are, for the most part, made up of
inherited property. The rich, as a class, are born with silver spoon in their mouths and the
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