d on behalf of the exclusive appropriation by the
Federal Treasury of the proceeds of these taxes. If the states need
revenues derived from these sources, a certain proportion of the net
receipts could be distributed among the states. The proportion should be
the same in the case of all the states; but it should be estimated in
the case of any particular state upon the net yield which the Federal
Treasury had derived from its residents.

V

THE ORGANIZATION OF LABOR

Only one essential phase of a constructive national policy remains to be
considered--and that is the organization of labor. The necessity for the
formulation of some constructive policy in respect to labor is as patent
as is that for the formulation of a similar policy in respect to
corporate wealth. Any progress in the solution of the problem of the
better distribution of wealth will, of course, have a profound indirect
effect on the amelioration of the condition of labor; but such progress
will be at best extremely slow, and in the meantime the labor problem
presses for some immediate and direct action. As we have seen, American
labor has not been content with the traditional politico-economic
optimism. Like all aggressive men alive to their own interest, the
laborer soon decided that what he really needed was not equal rights,
but special opportunities. He also soon learned that in order to get
these special opportunities he must conquer them by main force--which he
proceeded to do with, on the whole, about as much respect for the law as
was exhibited by the big capitalists. In spite of many setbacks the
unionizing of industrial labor has been attended with almost as much
success as the consolidating of industrial power and wealth; and now
that the labor unions have earned the allegiance of their members by
certain considerable and indispensable services, they find themselves
placed, in the eyes of the law, in precisely the same situation as
combinations of corporate wealth. Both of these attempts at industrial
organization are condemned by the Sherman Anti-Trust Law and by certain
similar state legislation as conspiracies against the freedom of trade
and industry.

The labor unions, consequently, like the big corporations, need legal
recognition; and this legal recognition means in their case, also,
substantial discrimination by the state in their favor. Of course, the
unionist leaders appeal to public opinion with the usual American cant.
Accord