Henry George's single-tax movement was based on the argument that
A) the tax structure should consist solely of a highly progressive tax on nonwage incomes.
B) interest is unearned income and should be taxed away by government.
C) in less-developed countries the supply of and demand for land will be such that land will be a free good and therefore capable of bearing sizable taxes.
D) a high tax on land rent is justified because land rent performs no incentive function.

Question

Quizplus · Accepted Answer

Henry George argued that a high tax on land rent was justified because land rent performed no incentive function. He believed that taxation should not discourage productive activities, only the monopolization of natural resources. He saw land as a common good and believed that it was the ownership and control of land that allowed landowners to create wealth, rather than their personal efforts. Therefore, he advocated a single tax on landowners to replace all other taxes.

Henry George's Single-Tax Movement Was Based on the Argument That