In his book Progress and Poverty, Henry George argued that:
poverty is associated with the personal characteristics of individuals and therefore cannot
be remedied by government antipoverty programs.
B. economic rent could be heavily taxed without impairing the supply of land or therefore the
productive capacity of the economy.
C. rents should not be taxed because rental income is the basic source of saving, which
ultimately permits a high level of investment and economic growth.
D. taxes on rents are undesirable because they have a severe disincentive effect on
landlords.
Answer: B
You might also like to view...
A fish hatchery raises brook trout and rainbow trout. An increase in the market price of brook trout therefore tends to
A) reduce the demand for brook trout. B) increase the hatchery's cost of raising rainbow trout. C) increase the demand for brook trout. D) decrease the hatchery's cost of raising rainbow trout.
The nation of Hyperbole is in a recession, and the government decides to increase taxes and reduce government spending to reduce the growing deficit. This will ________ aggregate demand and will likely ________ real GDP and employment
A) decrease; decrease B) decrease; increase C) increase; decrease D) increase; increase