Henry george book progress and poverty
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Progress and Poverty by Henry George (Full Audiobook) Book VI: The Remedy
The 140-Year-Old Dream of ‘Government Without Taxation’
The U. Americans pay income taxes, payroll taxes, sales taxes, excise taxes, property taxes, real-estate taxes, estate taxes, gift taxes, capital-gains taxes, hotel taxes, sin taxes, luxury taxes, and more. Unlike other assets, George observed in his book Progress and Poverty , land—separate from any buildings constructed on it—generates wealth not through individual effort or ingenuity, but instead as a result of societal change. Communities engineered developments that prompted economic growth—building up commercial districts, for instance, or constructing railroads—and already well-off landowners reaped the benefits in the form of rising land values. George prescribed the land-value tax as a way of putting some of that collectively produced wealth back toward the commonweal. Now interest in the land-value tax, and its promise to reduce inequality and promote economic justice, has been revived. George made his appeal at the tail end of the Long Depression of the s, a period of deflation that brought the mounting wealth disparity and apparent destitution that accompanied the rapid economic growth of the Gilded Age into stark relief.
Excerpt from Henry George Progress and Poverty Introduction George started the book from which this excerpt is taken in San Francisco during and finished it in March after eighteen months of arduous work.
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It is a treatise on the questions of why poverty accompanies economic and technological progress and why economies exhibit a tendency toward cyclical boom and bust. George uses history and deductive logic to argue for a radical solution focusing on the capture of economic rent from natural resource and land titles. Progress and Poverty is George's first book, which sold several million copies, exceeding all other books sold in the United States except the Bible during the s. It helped spark the Progressive Era and a worldwide social reform movement around an ideology now known as ' Georgism '. Jacob Riis , for example, explicitly marks the beginning of the Progressive Era awakening as because of the date of this publication. Goldman wrote this about the influence of Progress and Poverty :.
We often read that inequality in the US and the UK has reverted to 19th century levels. Indeed, this is why previous readings have stalled, abandoned in the early chapters defining terms and describing the interplay of wages and interest. But it warms to its themes. This is a book that starts in the library and ends on the rooftop, railing like an Old Testament prophet. His conclusion? There are three factors of production: land, labour and capital.