Capital is fruit of labor
The opinion offered by a writer on July 18 includes these words from a quotation attributed to Rev. William J. H. Boetcker: “You cannot lift the wage earner up by pulling the wage payer down.”
The quotation dates back to 1916, and was found in a pamphlet regarding conservatism with President Abraham Lincoln’s name on the cover. The clear implication is that Lincoln supported the position of the wage payer over the wage earner. Nothing could be further from the truth.
As evidence I submit the following words which Lincoln, a Republican president, presented as part of his first annual message to Congress on Dec. 3, 1861.
“Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed.”