Reply #18: That Is An Excellent Way To Put It, Mr. Nut [View All]

[The Magistrate]

It is an odd thing, but by the time a certain mass of wealth is acquired, it is almost impossible to specify any particular "special interest" beneficial to its possessor. Of necessity the investment must be dispersed in so many directions that what particularly benefits one item in the portfolio is likely to injure some other item in it. The surest way for a person in this position to continue to increase their wealth is to plump for an increase in economic activity over-all, from which they are certain to derive a good profit from many directions, and for a sound currency, which will secure the value of their financial instruments. The policies surest to bring about these results are high wages, a progressive tax system supporting a fine-meshed "safety-net", and minimal recourse to force in international affairs....