If Henry George's single tax on land were applied today,
A) it would make the supply of land more elastic.
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 increase immigration and decrease technology.

Question

Quizplus · Accepted Answer

Henry George's single tax on land relies solely on taxing the value of land, which might not raise enough revenue to pay for government spending. This is because it does not cover all economic activities or sources of revenue, such as labor, capital, or consumption. As a result, the government could face a budget deficit and have to resort to alternative sources of taxation or reduce its spending.

If Henry George's Single Tax on Land Were Applied Today