Although the efficiency of a land value tax has been known of since Adam Smith,[1] it was perhaps most famously promoted by Henry George in his best selling work ‘’Progress and Poverty’’ (1879). George argued that the value of land was created by the community, and therefore its rent belonged to the community.[2] Land value taxes have been implemented in Taiwan (Republic of China), Hong Kong, Singapore, Russia and Estonia, as well as in some localities in the American state of Pennsylvania (...)
Although the efficiency of a land value tax has been known of since Adam Smith,[1] it was perhaps most famously promoted by Henry George in his best selling work ‘’Progress and Poverty’’ (1879). George argued that the value of land was created by the community, and therefore its rent belonged to the community.[2] Land value taxes have been implemented in Taiwan (Republic of China), Hong Kong, Singapore, Russia and Estonia, as well as in some localities in the American state of Pennsylvania (...)
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