The soil of every country originally belonged to its inhabitants, and if it has been thought expedient to create private ownership in place of common rights, at least that private ownership must be considered as a trust, and subject to the conditions of a trust.
And again, at Inverness, in September 1885, Mr. Chamberlain said—
When an exorbitant rent is demanded, which takes from a tenant the savings of his life, and turns him out at the end of his lease stripped of all his earnings, when a man is taxed for his own improvements, that is confiscation, and it is none the less reprehensible because it is sanctioned by the law.
These views of the land question are not merely the views of ignorant demagogues, but are fully indorsed by great lawyers, great statesmen, great authors, great divines, and great economists.
What is the principle which these eminent men teach? It is the principle enforced in the patent law, in the income tax, and in the law of copyright, that the privileges and claims, even the rights of the few, must give way to the needs of the many and the welfare of the whole.
What, then, do we propose to do? I think there are very few Socialists who wish to confiscate the land without any kind of compensation. But all Socialists demand that the land shall return to the possession of the people. Britain for the British! What could be more just?
How are the people to get the land? There are many suggestions. Perhaps the fairest would be to allow the landowner the same latitude that is allowed to the inventor, who, as Mr. Mallock claims, is really the creator of two-thirds of our wealth.
We allow the inventor to draw rent on his patent for fourteen years. Why not limit the private possession of land to the same term? Pay the present owners of land the full rent for fourteen or, say, twenty years, or, in a case where land has been bought in good faith, within the past fifty years, allow the owner the full rent for thirty years. This would be more than we grant our inventors, though they add to the national wealth, whereas the landlord simply takes wealth away from the national store.
The method I here advise would require a "Compulsory Purchase Act" to compel landowners to sell their land at a fair price to the nation when and wherever the public convenience required it.