Asked by Nicole Macario on Apr 29, 2024

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Which of the following is not a major criticism of the single-tax movement?

A) It is impractical because most income payments are a mixture of interest, rent, wages, and profits.
B) It is inefficient because the land-rent tax will distort the use of land resources, thereby preventing allocative efficiency.
C) It is unfair because there are other "unearned" incomes besides land rent, such as capital-gains income.
D) It is inadequate because current levels of government spending are too big to be sufficiently funded by rent tax alone.

Single-Tax Movement

A political and economic movement that advocates for a single tax, often on land, to replace all other taxes, based on principles advocated by Henry George.

Allocative Efficiency

A state of resource allocation where it is impossible to make any one individual better off without making someone else worse off.

  • Explore the criticism and support for land nationalization and private ownership.
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Phuong Thao HoangApr 30, 2024
Final Answer :
B
Explanation :
The criticism that a land-rent tax will distort the use of land resources and prevent allocative efficiency is not a major criticism of the single-tax movement. The single-tax movement, which advocates for taxing land value, is often criticized for being impractical, unfair, and inadequate for funding government spending, but not typically for causing inefficiency in land use.