Asked by Talmeez Mohammed on May 01, 2024
Verified
The economist who advocated a single tax on land was:
A) Adam Smith.
B) John Maynard Keynes.
C) Henry George.
D) Milton Friedman.
Single Tax
A tax system with only one type of tax, often proposed to simplify the tax structure and eliminate inefficiencies.
Henry George
A 19th-century economist known for his advocacy for a single tax on land value to improve social and economic inequalities.
Land
In economics, land comprises all naturally occurring resources whose supply is inherently fixed.
- Comprehend the core ideas and effects of Henry George's single tax theory.
Verified Answer
AD
Alyson DiamondMay 02, 2024
Final Answer :
C
Explanation :
The economist who advocated a single tax on land was Henry George. He argued that land is a resource provided by nature and should therefore belong to all people equally. He believed that the value of land increases due to the efforts and investments of the community, rather than the landowner's own efforts, and therefore society should benefit from the increase in land value through a single tax on land.
Learning Objectives
- Comprehend the core ideas and effects of Henry George's single tax theory.