What did Georgism believe in terms of economic value of land?
It should belong to the state
It should belong to the individual who owns it
It should belong to the individual who works it
It should belong equally to all members of society
Answer
Georgism is a political and economic ideology that believes in the taxation of land to fund public services. The economic value of land, Georgists argue, should belong equally to all members of society. This is because land is a natural resource that is not created by human labor, and therefore no one has a right to own it exclusively.
Discovering the Legacy of Henry George: Test your Knowledge on the American Political Economist
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