The basis for Henry George's single-tax program was to tax:
A)all implicit and explicit returns so as to prevent any shifting of the tax.
B)payments to landlords, with no attention to the distorting effects on production.
C)the earned increment of land value, and then to rebate part of the tax back to the landlord.
D)the unearned increment of land value without shifting the tax forward to consumers.
E)all land so as to do away with any neighborhood and externality effects.

Question

Quizplus · Accepted Answer

Henry George's single-tax program was to tax the unearned increment of land value without shifting the tax forward to consumers. This meant that instead of taxing income, sales, or capital, the tax would solely focus on the value that goes up due to external factors such as population growth, development, and public investments. The idea was that this tax would encourage efficient use of land and discourage land speculation.

The Basis for Henry George's Single-Tax Program Was to Tax