Congressional Edition Volume . 5914

Congressional Edition Volume . 5914

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 edition. Excerpt: ...a corporation, or an individual, should withhold part of his earnings and reserve the right to return them at some remote date in the form of an annuity only, regardless of the employee's circumstances at that time or his wishes in the matter. In the opinion of most people that would be carrying the element of compulsion farther than necessary. It is unfortunate that it should ever be necessary to force people to take any step for their own good, and, theoretically, there is only one thing to be said in favor of compelling a person, whether a Government employee or not, to save his money, and that is that, since he is a member of society, the possibility is recognized of his making a claim on society, and society is right in protecting itself by prescribing what his conduct shall be. Undoubtedly, the ideal plan of retirement would be no retirement plan at all, but a government willing to pay salaries large enough to support its employees in dignity and comfort and a body of employees so thrifty as voluntarily to lay aside a competence for the rainy days of old age. There would be no problem then of superannuation in the public service, but such a condition can not be expected before the millennium, and in the meantime the Government must deal with the situation, in justice to itself and the employees, in such a practical way as to get beneficial results, regardless of any theory that it is tyranny for a government to require an individual to include thrift among the virtues he must cultivate in order to be held law-abiding. The Government is commonly held to be justified in protecting itself against the possibility of dishonesty on the part of its employees by requiring those holding offices of trust to give bond for the faithful performance of...show more

Product details

  • Paperback | 94 pages
  • 189 x 246 x 5mm | 181g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236491025
  • 9781236491022