Asked by Margot Rochester on May 12, 2024
Verified
Who wanted to tax away all rent from landlords?
A) David Ricardo
B) Henry George
C) Joseph Schumpeter
D) Frank Knight
Henry George
A 19th-century economist known for his ideas on taxation, particularly the proposal that a single tax on land value could replace all other taxes, thereby improving economic equality and efficiency.
Rent
A regular payment made by a tenant to a landlord for the use of land, a building, or other property.
Landlords
Property owners who rent out land, residential, or commercial properties to tenants.
- Understand different economic theories and the economists associated with them.
Verified Answer
LH
Laura HuertaMay 18, 2024
Final Answer :
B
Explanation :
Henry George proposed a land value tax which would tax away all rent from landlords in order to create a more equal distribution of wealth and to incentivize productive use of land. David Ricardo proposed a similar idea, but did not advocate for the complete elimination of rent. Joseph Schumpeter and Frank Knight did not propose such a policy.
Learning Objectives
- Understand different economic theories and the economists associated with them.