" Hence
incomes are to be taxed above the necessary cost of family maintenance,
private fortunes during life and at death; while a special capital levy
must be made to pay off a substantial portion of the national debt.
"The Democratic Control of Industry" contemplates the progressive
elimination of the private capitalist and the setting free of all who
work by hand and brain for the welfare of all.
The Surplus Wealth is to be expended for the Common Good. That which
Carlyle designates as the "inward spiritual," in contrast to the "outward
economical," is also to be provided for. "Society," says the document,
"like the individual, does not live by bread alone, does not exist only
for perpetual wealth production." First of all, there is to be education
according to the highest modern standard; and along with education, the
protection and advancement of the public health, 'mens sana in corpore
sano'. While large sums must be set aside, not only for original
research in every branch of knowledge, but for the promotion of music,
literature, and fine art, upon which "any real development of
civilization fundamentally depends."
In regard to the British Empire, the Labour Party urges self-government
for any people, whatever its colour, proving itself capable, and the
right of that people to the proceeds of its own toil upon the resources
of its territory. An unequivocal stand is taken for the establishment,
as a part of the treaty of peace, of a Universal Society of Nations;
and recognizing that the future progress of democracy depends upon
co-operation and fellowship between liberals of all countries, the
maintenance of intimate relationships is advocated with liberals oversea.
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