"For this part of the political wage also - insurance of every kind against fate, the building of workers' dwellings (no one thinks of demanding these for farm labourers), the construction of playgrounds, convalescent homes, libraries, and the special terms for food, railway journeys, and amusements - is all paid for directly or indirectly by taxation of "the rest" for the working man. This in fact is an essential part of the political wage, and it receives very little thought. At the same time the national wealth of which we are given the amount in figures is an economic fiction. It is calculated - as "capital" - from the yield of economic undertakings or from the market prices of interest-bearing shares, and it falls with these when the value of the working factories is threatened by the burden of high wages. A factory that is thus made to close down is, however, of no more value except for the scrap-heap. Under the dictatorship of the trade unions, Germany's economic system had in the four years 1925-29 to meet an extra load of 18,225,000,000 marks annually in respect of increased wages, taxes, and grants for social purposes. This means one-third of the national income spent one-sidedly. One year later the sum had grown to far beyond twenty milliard marks. What are two milliards for reparations compared with this? It endangered the financial position of the Reich and the currency. Its drag on the economic system was not even taken into account when the effects of wage-Bolshevism were in question. It was the expropriation of the whole economic system in the interests of one class."
