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The Pamphlet Collection of Sir Robert Stout: Volume 75

The Property Disqualification

The Property Disqualification.

The property disqualification does not threaten the same economic mischief. Every £30 worth of property is to take £1 off the pension, so that a man with £540 will lose it all. The principle is utterly wrong, but I do not imagine that a man will waste his property as he will waste his labor in order to qualify for a pension. There will be no riotous chorus of property-holders chanting "Let us eat and drink, for to-morrow is our sixty-fifth birthday." But, instead of this waste, there will be fraudulent concealment and evasion, which, as a rule, will be quite impossible to trace. Here, again, the incentive is to vice, and virtue is left out in the cold. The honest man will lose his pension; the rogue will enjoy his property and the State bounty besides.