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In spite of the great importance in our national life of the efforts and ingenuity of unusual individuals, the people in the mass have inevitably helped to make large fortunes possible.

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Our revenue laws have operated in many ways to the unfair advantage of the few, and they have done little to prevent an unjust concentration of wealth and economic power.

Taxes, after all, are dues that we pay for the privileges of membership in an organized society.

Without mass cooperation great accumulations of wealth would be impossible save by unhealthy speculation.

The desire to provide security for oneself and one's family is natural and wholesome, but it is adequately served by a reasonable inheritance.

From his understanding of wealth and poverty came his understanding of labor and capital, which led him to the solution of trusteeship based on the belief that there is no private ownership of capital; it is given in trust for redistribution and equalization. Similarly, while recognizing differential aptitudes and talents, he holds that these are gifts from God to be used for the collective good.

We must work together to ensure the equitable distribution of wealth, opportunity and power in our society.