Asked by Nicole Macario on Apr 29, 2024
Verified
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.
Verified Answer
PT
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.
Learning Objectives
- Explore the criticism and support for land nationalization and private ownership.
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