The ABC of taxation

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Monograph

Identifikator:: 1010741608

URN:: urn:nbn:de:zbw-retromon-21094

Document type:: Monograph

Author:: Fillebrown, Charles Bowdoin

Title:: The ABC of taxation

Edition:: Fourth edition specially revised

Place of publication:: Garden City, New York

Publisher:: Doubleday, Page & Company

Year of publication:: 1916

Scope:: 1 Online-Ressource (236 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Part III. Other essays and addresses

Collection:: Economics Books

PRIVATE PROPERTY IN LAND 97 sion, ownership, and property, used in describing the tenure of land, we find that while they are far from synonymous, they yet have much in common, and the terms are often used interchangeably. The “possession” of the dictionaries does not always imply ownership; but possession does imply the same physical dominion that belongs of right to ownership — which right the legal title to ownership grants and conveys. Henry George’s proposal was to leave owners in possession of land, and to accord to that possession the legal right of physical dominion by means of a broad definition of the word, made to include the right “to buy and sell, bequeath and devise,”* or, in the usual form of the real estate deed, “to give, grant, bargain, sell, and convey”—a right universally granted to ownership and property. A title to land is a title to the rights and privileges that constitute its value, and that, largely at least, are created by the labour of the community. Title to the land itself, whether its value is one dollar or a million dollars, is necessary to security of improve ments. Title to the annual value of land — ground rent — is not necessary to the security of improve ments, which would be equally secure whether one- quarter or three-quarters of ground rent be taken in taxation. The dictionaries do not include land value in their definition of land. Land itself, deprived of the rights and privileges pertaining thereto — that is, land with a ninety-nine years’ restriction of a tight and high board fence around it so that there would be no legal right of way to and from it — could have no market value. The value of land is in large part * “ Progress and Poverty” (Doubleday, Page & Company), 1906, p. 403.

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