But it does not follow that the community has no right to control the distribution of wealth. At one time such a proposal would have been branded "robbery." To-day even Conservatives do not threaten to remove the death-duties and graduated income-tax by which we confiscate some of the wealth of the more fortunate. The only question is, to what _extent_ we may or ought to prevent the excessive accumulation of wealth, or to disperse it after accumulation.
There occur at once two methods of enrichment which invite careful attention. One is the power to transmit wealth to one's descendants in perpetuity, or until they choose to dissipate it. Most of us will admit that in a social order at all resembling our own--and I do not care to speculate about Utopian or imaginable orders--the power to win advantages for one's children as well as for oneself is a sound incentive to work. But the wish to relieve one's descendants of the need to work, to make them for ever a burden on the community, is a perverse ideal. It is one of those unsound primitive traditions which we detect in the actual stream of our ideas and sentiments, and instances are not unknown in our time of such holders of hereditary wealth revolting against the tradition. When we realise that this inherited wealth means, in plain terms, the right to have a hundred or a thousand fellow-men working for us or our descendants in perpetuity, for no merit or service on our part, and when we consider the folly and waste which so commonly follow large inherited fortunes, we must regard this tradition as evil and indefensible. One wonders how long the working community is going to sustain this burden, and how long refined men and women will imagine that they have a right to live like Oriental potentates because they had a shrewd or a gifted ancestor.
It is sometimes said in their favour that they employ labour with their wealth. I have heard bishops give them this foolish consolation. As if the wealth would cease to exist, and to employ labour, if it were in the pockets of a thousand men, instead of the pockets of one Duke of Norfolk or Duke of Westminster! The only difference would be that this wealth, instead of paying a thousand servants and tradespeople to work for the comfort of one family, would pay a thousand men, who would lose nothing by the change of employment, to produce comfort for a thousand families. Meantime, the Duke is embarrassed by his wealth, or spends it on superfluous things, and the thousand families live in vicious misery. Their babies die for lack of good milk in the hot summer, and the rich youth or maiden--I have known this done--carelessly takes a bath of milk. Let us understand clearly this economic truth: great wealth is the accumulation in one man's hands of the right or power of a thousand families to employ labour.