largely or entirely unearned. It would be manifestly unjust to
dispossess present-day land-owners who have acquired land in good
faith; on the other hand, most economists agree that we ought to
reform our tax system so as to take for the community a larger share
of the future unearned increment of land values. As Professor Taussig
has pointed out, no one has a vested right in the indefinite future.
The taking of this future unearned increment, it is hardly necessary
to add, would not constitute a single tax, but rather a heavy land
tax. Many other taxes would continue to be levied. [Footnote: The
general problem of taxation is discussed in Chapter XXXIL]


QUESTIONS ON THE TEXT

1. Define the single tax.

2. What is location value?

3. Define fertility value.

4. Who was Henry George?

5. What benefits, according to George, were to result from an
application of the single tax?

6. Give the chief arguments in favor of the single tax.

7. Give the chief objections to the doctrine.

8. What service has been rendered by the single tax agitation?