One negative aspect of Henry George's single tax on land is that,if it were applied today,
A)the loss of surplus to landowners would be greater than the tax revenue raised.
B)the deadweight loss would be much larger than the deadweight loss of alternative taxes.
C)the tax would not raise enough revenue to pay for government spending.
D)it would result in enormous harm to users of land.

Question

Quizplus · Accepted Answer

The single tax on land proposed by Henry George is based on the idea that land value taxation would capture the unearned income (economic rent) from land. However, in practice, the revenue generated from such a tax might not be sufficient to cover all government expenditures, especially in modern economies with diverse and extensive spending needs.

One Negative Aspect of Henry George's Single Tax on Land