impossible; and some 30 per cent, are in that category. What would, he do with them? Further, what about the thousands whose savings were lost dur-, ing the depression? He says that he saved his money and invested it, meaning he lent it out at interest? Interest is unearned increment, a branch of finance that makes the rich ’richer and the poor poorer. Interest makes the unscrupulous employer pay low wages To my mind everyone who lends money at interest should be banished; there is a race of people who to-day are suffering for their rapacious love of interest, “R.R.M.” likes work; so do I up to a point. I Was brought up to work from 5 o’clock in the morning to 5.30 at night in a foundry, on a low wage. We saved, but at what expense? Our parents died young, worked to death, never able to enjoy the money they saved. He also speaks about the mentality of the writers. Surely he does not monopolise that human element, brains. Charity, the blatant battle-cry of the idle rich and interest-receivers; thrift, that slogan hurled at the low-paid, the hard-worked artisan -and labourer! Thrift has made old men of young ones built up a series of octopus companies who take your premiums and then fight you to try to get out of their obligations. Soi I might continue. “R.R.M.” seems to have a knowledge of other people’s pleasures. Where did he obtain his prerogative to do so? Last, .taxation: the writer can of | course please himself. He has twc ; courses open to him —low price goods low wages, low taxation, half the country starving, or high-priced goods, high wages, high taxation, all getting some- ‘. thing. The first breeds revolution, the second, a .possible relief from bondage. 1 lam prepared at any time to give 1 “R.R.M.” my address and discuss the very vexed question of vested interests. : —Yours, etc., ALWAYS LABOUR. September 17, 1938. f '■
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19380919.2.76.8
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume LXXIV, Issue 22510, 19 September 1938, Page 14
Word count
Tapeke kupu
325Untitled Press, Volume LXXIV, Issue 22510, 19 September 1938, Page 14
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in