Asked by Connor Beckman on Apr 24, 2024
Verified
Henry George advocated a single tax on
A) real capital.
B) entrepreneurial profits.
C) land.
D) labor income.
Henry George
Henry George was a 19th-century economist and social philosopher known for his advocacy for a single tax on land value to address social inequalities.
Single Tax
Single tax refers to a fiscal policy proposal where one type of tax, often on land value, replaces all other taxes to simplify the tax system and address economic inequality.
- Identify the roles and viewpoints of major economists like Henry George on land taxation and its economic effects.
Verified Answer
NM
Netra Miller8 days ago
Final Answer :
C
Explanation :
Henry George is best known for his proposal of a single tax on land. He believed this would address social and economic inequalities by taxing the unearned increase in land value, thus discouraging speculation.
Learning Objectives
- Identify the roles and viewpoints of major economists like Henry George on land taxation and its economic effects.