that if the income of the capitalist was directed to the laborers wages would be doubled. But unfortunately things are not to be done so simply. When we expropriate capital we must at the same time take over its social functions. The most important of these is the accumulation of capital. Capitalists do not consume their entire income. A portion they lay aside for the extension of production. A proletarian regime would be obliged to do the same since it too must extend production. Accordingly for this reason even the most radical confiscation of capital could not turn its entire previous income to the laboring class. Even from the surplus value that the capitalists pocket they must again give up a portion in the form of taxes to the State. This share would increase enormously when the progressive income and property tax are the only forms of state and municipal taxation. And the burden of taxation would not diminish. I have pointed out above at what cost the re-arrangement of the school system alone could be brought about and besides this an old age insurance for all incapable of labor, etc., would be instituted.
We shall see that there is none too much remaining over from the present income of the capitalist to be applied to the raising of wages even if we confiscate capital at one stroke. There is even less if we wish to compensate the capitalist. It would then be absolutely neces-
