Henry George: Plagiarist

"On fiscal matters, the Physiocrats famously pushed
for their 'single tax' on landed property -- l'impôt
unique. The logic, as laid out by Mirabeau (1760)
seemed compelling. Any taxes levied throughout
the economy will just passed from sector to sector
until they fall upon the net product. As land is the
only source of wealth, then the burden of all taxes
ultimately bears down on the landowner. So instead
of levying a complicated collection of scattered
taxes (which are difficult to administer and can
cause temporary distortions), it is most efficient to
just go to the root and tax land rents directly."

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Relevant Pages

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  • Re: Hong Kong and land rent: weblog exchange
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