Confiscation

Running a republic under the economic laws of a monarchy must of necessity result in producing the same conditions - great wealth for some and great poverty for the rest. This may be a government by the people but it certainly is no longer a government for the people. Heretofore individual greed has had full swing in the United States and naturally enough the ablest returned in possession of everything worth grabbing. And naturally enough too if a republic means a country owned by all its people it cannot be a republic if it is owned by only a few.