BOOK I. The Divisible Wealth of the United Kingdom

THE DIVISIBLE WEALTH OF THE UNITED KINGDOM

CHAP. PAGE

I. The Welfare of the Home, as the Logical End of Government—

A Ground of Agreement for all Parties 3 Facts and Principles which are the same for everybody 6 The Income of the Individual as the Aim and Test of Government 8 Private Income and the Empire 10 Patriotism and the Home 11 Cupidity as a motive in Politics 12 The right Education of Cupidity 13

II. The Conditions involved in the idea of a Legislative Redistribution of Wealth; and the Necessary Limitations of the Results—

Cupidity and the Poorer Classes 14 The Limits of Sane Cupidity as fixed by the Total Production 16 Unforeseen Results of an Equal Division of Wealth 18 Contemporary Agitator on Slavery 20 Workmen as their own Masters 21 Ownership of the Means of Labour impossible for Modern Workman 22 Equality possible only under a Universal Wage-System 24 Equality and Universal Labour 26

III. The Pecuniary Results to the Individual of an Equal Division, first of the National Income, and secondly of certain parts of it—

The Income of Great Britain 27 Division of the National Income 29 How to divide the Income equally 30 Shares of Men, Women, and Children 31 The Maximum Income of a Bachelor 32 Smallness of the result 33 Maximum Income of a Married Couple 34 Practical absurdity of an Equal Division of Income 36 A complete Redivision of Property advocated by nobody 38 The attack on Landed Property 40 Popular ignorance as to the Real Rental of the Landlords 42 The Landed Aristocracy 44 Multitude of Small Landowners 45 Owners of Railway Shares and Consols 46 Inappreciable cost of the Monarchy 47 Forcible Redistribution impossible 48

IV. The Nature of the National Wealth: first, of the National Capital; second, of the National Income. Neither of these is susceptible of Arbitrary Division—

Difference between Wealth and Money 49 Wealth as a whole not divisible like Money 52 More luxurious forms of Wealth incapable of division 54 The Wealth of Great Britain considered as Capital 56 The elements which compose the National Capital 58 Ludicrous results of an Equal Division of Capital 60 Division of Income, not of Capital, alone worth considering 62 Elements which compose the National Income 64 Material Goods and Services 66 Home-made Goods and Imports 67 Two-thirds of the Population dependent on Imported Food 68 Variation of the National Income relatively to the Population 70 Incomes of other countries compared with that of our own 72 Productivity of Industry not determined by Time 74 Unperceived increase of the Income of the United Kingdom 76 Immense Possible Shrinkage in our National Income 78 The Great Problem 80