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Sufficient abundance of the capital. But even in these cases couldTo be supported the public savings which are carried out by means of the state
At such level which would supply growth of the capital till the sizes, when Its defect would cease to be felt.
Phase which will disappear after fulfilment of the mission. And with disappearance of this
Advantage of that process of events which I protect, will be that - the investor as the nonfunctioning investor will not be sudden, and Is gradual and long continuation of the process observed in Lately in Great Britain, also will not require any revolution.
Thus, we can aspire in practice (and in it there is nothing
Unattainable) to increase in weight of the capital while it will not cease to be
Rare so that the nonfunctioning investor will already not receive any more Awards, and to such system of direct taxes which would allow to deliver on
Service to company mind, energy and qualification of financiers, businessmen et
hos genus omne (so betrayed to the craft that their work will be possible To receive much more cheaply, than now) for reasonable compensation.
At the same time we should recognise that only experience will show, how much
The general will embodied in the politician of the state, should be directed on
Strengthening and prompting strengthening to invest and it is how much safe To stimulate average propensity to consumption, without refusing the purpose To deprive the capital of its value caused by a rarity, during one or Two generations. Can happen that propensity to consumption will be
It is so strengthened by fall of norm of percent that the full employment will be
It is reached at rates of accumulation, only by the little big, than present. In
This case system of the raised taxation of large incomes and
Inheritances can subject to criticism for the fact that it conducts to a full employment
At lower rates of accumulation of capital, than now. Not
It is necessary to think that I reject possibility or even probability of the such
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