The Single Tax

The Single Tax is an idea proposed by economist Henry George, which suggests that the government should replace all other taxes with a single levy on land value. Since land is fixed and its value increases mainly due to community development and public improvements, taxing land value encourages fair resource use, reduces speculation, and lessens economic inequality. This approach aims to generate government revenue fairly while promoting efficient land use, as landowners benefit from societal growth without causing production costs, leading to a more equitable and sustainable economy.