Asked by Nicole Stout on Jul 04, 2024
Verified
Critics of a single tax on land oppose the idea because
A) it would overtax the population.
B) changes in land ownership would cause the tax burden to fall unfairly on people who did not receive economic rents.
C) it would disproportionately tax the richest members of society.
D) it would cause too much land to be brought out of production.
Single Tax
A fiscal policy advocating for a sole tax to be levied on a single source, often proposed as a tax on land value.
Economic Rents
Payments to a factor of production in excess of the cost needed to bring that factor into production.
Land Ownership
The legal right to possess, use, and control land.
- Gain insight into the crucial aspects and the differing viewpoints regarding Henry George's advocacy for a uniform land tax.
Verified Answer
TA
Timothy AsuncionJul 09, 2024
Final Answer :
B
Explanation :
Critics argue that a single tax on land could result in an unfair distribution of tax burden due to changes in land ownership, as it might not accurately reflect the economic benefits (rents) received by different owners.
Learning Objectives
- Gain insight into the crucial aspects and the differing viewpoints regarding Henry George's advocacy for a uniform land tax.