According to the economist Milton Friedman,the "least bad" tax is a tax on
A)income received from profits and interest.
B)labor income.
C)the unimproved value of land.
D)the value of land including the improvements to the land.

Question

Quizplus · Accepted Answer

According to Milton Friedman, the "least bad" tax is a tax on the unimproved value of land. This is because it does not distort economic incentives, as land cannot be moved, hidden, or sheltered from taxation. Additionally, the taxation of land value encourages efficient use of land as owners would seek to derive more value from its use in order to offset the tax burden.

According to the Economist Milton Friedman,the "Least Bad" Tax Is