A simple version of the Henry George theorem

From: Finance India | Date: June 1, 2003| Author: | Copyright information

Abstract

Henry George advocated a single tax, on land, and an appropriation of all rent. The theorm dubbed after him proves that such a tax is optimal indeed. After comparing the different sources of taxation, he showed that he was against taxation in certain areas. The paper indicates that other studies conducted also leads to the same result of Henry George. He tried to contribute to a more equitable distribution of wealth through sound economic principles. This note presents an exceedingly simple derivation featuring land. By taking land, not an acre less is supplied and the economy is not ...

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