Paragraf Test-1 Soru=32

Henry George claimed that unearned wealth obtained from land ownership ......... .

In a United States that was so economically productive, why were there so many people in poverty
and so few who were wealthy? Economist and social reformer Henry George found an answer to
this question by analysing the workings of capitalism. He concluded that economic progress
tremendously increases the value of land. Those who own the land reap great, unearned rewards
from rent. This unearned prosperity for a few, George felt, was an obstacle to economic growth
because it suppressed productivity. His solution, published in his book 'Progress and Poverty' in
1879, was to have government tax away all rent. This "single tax" would bring in enough revenue
so that an other taxes could be eliminated, and it would end the desire to speculate in land values.
The publication of 'Progress and Poverty' made George instantly famous. He made lecture tours in
America, England, Ireland and Australia, and he was nearly elected mayor of New York City in
1886.