The economist Henry George proposed that all tax revenue be collected via taxes on land. If land were perfectly inelastic in supply, then a property tax on land would

Question

Quizplus · Accepted Answer

Since land is perfectly inelastic in supply, a tax on land does not affect the quantity of land available (since it cannot be increased or decreased) and thus does not create distortions in the market that lead to deadweight loss.

The Economist Henry George Proposed That All Tax Revenue Be