Dynastic America and Those Who Own It, 1921

1921. In this book, Mr. Klein proposes that private fortunes should be limited so that the surplus or excess over a certain amount, goes to the government. In this way, government becomes the principal stockholder and bondholder in all monopoly and draws the bulk of revenue therefrom; the cost of government is defrayed out of income on public property, the cost of living reduced, the wages of employees increased, and the interests of small stockholders and bondholders benefited. Taxation in time disappears and government and business become simplified.