Henry George's Single Tax Theory

Henry George's Single Tax Theory proposes that all economic value derived from land should be taxed exclusively, eliminating other taxes. Since land is a natural resource and its value largely results from community development and public infrastructure, taxing its unimproved value ensures that landowners contribute fairly to society without discouraging productivity. The revenue generated would fund public services and reduce inequality, while removing taxes on labor and industry to promote economic growth and fairness. This approach aims to address land speculation, prevent land monopolization, and create a more equitable distribution of wealth.