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Land and rent.

come the politicians and to tax back from the people to pay their salaries what the people have taxed out of them as economic rent, again I say that, even if a part of the economic rent is rightly mine, I prefer to leave it in the pocket of the land-owner, since it is bound to ultimately get back there. As M. Schneider, the Carnegie of France, said in a recent interview with a Figaro reporter: "Even if we were to have a collectivist system of society and my property should be confiscated, I believe that I am shrewd enough to find a way to feather my nest just the same." M. Schneider evidently understands State Socialism better than the State Socialists themselves. The Socialists and Single-Taxers will have attained their paradise when they are robbed by officials instead of by landlords and capitalists.

In my view it is idle to discuss what shall be done with the economic rent after it has been confiscated, for I distinctly deny the propriety of confiscating it, at all. There are two ways, and only two, of effecting the distribution of wealth. One is to let it distribute itself in a free market in accordance with the natural operation of economic law; the other is to distribute it arbitrarily by authority in accordance with statute law. One is Anarchism; the other is State Socialism. The latter, in its worst and most probable form, is the exploitation of labor by officialdom, and at its best is a régime of spiritless equality secured at the expense of liberty and progress; the former is a régime of liberty and progress, with as close an approximation to equality as is compatible therewith. And this is all the equality that we ought to have. A greater equality than is compatible with liberty is undesirable. The moment we invade liberty to secure equality we enter upon a road which knows no stopping-place short of the annihilation of all that is best in the human race. If absolute equality is the ideal; if no man must have the slightest advantage over another,—then the man who achieves greater results through superiority of muscle or skill or brain must not be allowed to enjoy them. All that he produces in excess of that which the weakest and stupidest produce must be taken from him and distributed among his fellows. The economic rent, not of land only, but of strength and skill and intellect and superiority of every kind, must be confiscated. And a beautiful world it would be when absolute equality had been thus achieved! Who would live in it? Certainly no freeman.

Liberty will abolish interest; it will abolish profit; it will abolish monopolistic rent; it will abolish taxation; it will

abolish the exploitation of labor; it will abolish all means