What do we need to know about land value taxation? (Public Policy Implications). From: The American Journal of Economics and Sociology | Date: December 1, 2001| Author: Netzer, Dick | COPYRIGHT 2001 American Journal of Economics and Sociology, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

DICK NETZER (*)

Introduction

MORE THAN A century ago, Henry George concluded that poverty existed in America's rapidly growing cities in the midst of unparalleled rates of economic growth and prosperity for some people because the owners of land and other "natural opportunities," who do not contribute to the productive process, were appropriating the fruits of labor and capital. His solution lay in the taxation of the rent of land and natural opportunities -...