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erty and Inheritance. 
271 
7hatever in the administration of 
t represents. Hence the snowball 
arge fortunes is not liable to be 
wawing influence of incompetence, 
e, in the heir. 
3 Grounds for Inequality. 
lity due to inheritance must be 
ed from the inequality that results 
the natural capacity and industry 
« The latter has some economic 
e rewards are possibly needed to 
make the effort and sustain the 
nodern industry requires in its 
and society probably gets more 
ord than it pays him. From this 
istate Duty figures are a little mis- 
iggest a greater separation of 
of capital than has actually taken 
tock securities may be owned by 
no part in the administration of 
s capital of which they represent, 
all are so owned ; in manufacturing 
‘hanting in particular, a large part 
by the persons in active control— 
businesses on the scale of the Ford 
his association is severed when 
e the business dies. The property 
not an incentive to effort on their 
i discouragement. The economic 
the right to accumulate property 
ford no justification for the right 
+ 
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may be urged that the right to 
o provide for one’s offspring, is an 
in the inducements that lead great 
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