Nineteenth-century economist Henry George believed that a tax on land, rather than on buildings, would have no
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Nineteenth-century economist Henry George believed that a tax on land, rather than on buildings, would have no excess burden because it would not be a tax on one’s economic choices. Following such a policy, if a given acre of land had a higher land tax in a central business district than in an outlying part of the city, would George’s main proposition still be correct? Explain why or why not.
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Henry Georges main proposition was that a tax on land as opposed to a tax on buildings or economic activities would not impose an excess burden on the ...View the full answer
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Related Book For
Public Finance A Contemporary Application Of Theory To Policy
ISBN: 9780538754460
10th Edition
Authors: David N Hyman
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