Economic treatise by Henry George, published in 1879.
Attempting to discover why individual poverty increases while the nation is becoming more prosperous, George indicates a solution in the fact that private property in land confines interest and wages to marginal gains, while landlords, who are nonpro-ducers, reap the benefits of social advance. Therefore labor and capital should be freed of this incubus, so that the community-created value may be returned to the community. George advocates for this purpose a “Single Tax,” amounting to the whole or almost the whole of economic rent. This would permit the abolition of all other taxation, leaving production unpenalized, and improve the conditions of both capital and labor.
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Henry George (1839—1897)