How is the nationalisation of the land to be effected? "The land of every country belongs of natural and inalienable right to the whole body of the people in each generation. We say therefore, 'You need not kick the landlords out; you must not buy them out; you had better tax them out.'"[428] "If the people rose in revolt, took up arms, confiscated the lands of the nobles, and handed them over to the control of a Parliament, that would not be brigandage; it would be revolution. But if the people by the exercise of constitutional means, passed an Act through Parliament making the estates of the nobles the property of the nation, with or without compensation, that would be neither brigandage nor revolution; it would be a legal, righteous, and constitutional reform. We propose to be neither revolutionaries nor brigands, but legal, righteous, and constitutional reformers."[429] Legality implies and presupposes justice, but Socialist law and justice are different from that conception of law and justice which has been held hitherto. Chapter XXIV. will make that point clear.
The foregoing should suffice to show that the Socialists intend to abolish private property in land by "taxing landowners out of existence."
They apparently forget that not all the owners of land are rich; that many small farmers, shopkeepers, artisans, &c., own freehold land and freehold houses; and that the insurance companies have a very large proportion of their funds invested in land and on the security of land. A confiscation of land would therefore ruin a vast number of hard-working people. It would cripple some insurance companies and ruin others. Hence the savings of thrifty workers would be confiscated or destroyed by the State together with those of the larger capitalists.
The Socialists are not entirely agreed as to the way by which the abolition of private ownership in land should be effected, but some interesting proposals will be found in Chapter X., "Socialist Views and Proposals regarding Taxation and the National Budget." The purely agricultural aspect of the land question is treated in Chapter XVIII., "Socialism and Agriculture," and in Chapter XXI., "Some Socialist Views on Free Trade and Protection."