o cover cost only.

State insurance against disease of animals, diseases of plants,
insect pests, hail, flood, storm, and fire.

Exemption from taxation and execution of dwellings, tools, farm
animals, implements, and improvements to the amount of one thousand
dollars.

_A graduated tax on the value of rented land and land held for
speculation._

Absentee landlords to assess their own lands, the State reserving
the right to purchase such lands at their assessed value plus 10
per cent.

Land now in the possession of the State or hereafter acquired
through purchase, reclamation, or tax sales to be rented to
_landless_ farmers under the supervision of the Board of
Agriculture at the prevailing rate of share rent or its equivalent.
The payment of such rent to cease as soon as the total amount of
rent paid is equal to the value of the land, and the tenant thereby
acquires for himself _and his children_ the right of occupancy. The
title to all such lands remaining with the commonwealth.[232]

I have italicized the most significant items. The preference given
to landless farmers in the last paragraph shows that the party in
Oklahoma does not propose to distribute its greatest favors to
those who are now in possession of even the smallest amount of
land. On the other hand, once the land is governmentally "owned"
and speculation and landlordism (or renting) are provided against,
the farmer passes "the right of occupancy" of this land on to his
children. European Socialist parties, with one exception, have not
gone so far as this, and it is doubtful if the American Party will
sustain such a long step towards permanent private property. It may
well be doubted whether the Socialist movement will favor giving to
children the identical privileges their parents had, simply because
they are the children of these parents, especially if these
privileges had been materially increased in value during the
parents' lifetime by community effort, _i.e._ if there has been
any large "unearned increment." Nor will they grant any additional
right after forty years of payments or any other term, but, on the
contrary, as the land rises, through the community's efforts they
would undoubtedly see to it that _rent was correspondingly
increased_. Socialists de