Asked by Lungile Shange on Jul 26, 2024
Verified
Henry George advocated each of the following except that
A) all land should be free.
B) all rents should be taxed away.
C) the government should raise all its tax revenue from a single tax on land.
D) since land did not really belong to the landlords,rent was an unearned surplus.
Henry George
An American economist and social reformer of the 19th century known for his advocacy of a "single tax" on land to improve social equity.
Unearned Surplus
Income received without labor or active management, often through investments, rents, or inheritance, not directly resulting from the recipient's effort.
Tax Revenue
The income that is gained by governments through taxation.
- Grasp the understanding of rent theory and its implications on economics and policy.
- Recognize the implications of taxation on land and its economic effects.
Verified Answer
RR
Royal RookieJul 30, 2024
Final Answer :
A
Explanation :
Henry George did not advocate that all land should be free. He proposed that the government should tax away all rents from land to address inequality and improve economic efficiency, but he did not suggest making land free of ownership or cost.
Learning Objectives
- Grasp the understanding of rent theory and its implications on economics and policy.
- Recognize the implications of taxation on land and its economic effects.