Über asiatische Wechselkurse

Bibliographic data

Monograph

Identifikator:: 1014023343

URN:: urn:nbn:de:zbw-retromon-24453

Document type:: Monograph

Author:: Mahlberg, Walter http://d-nb.info/gnd/101605218

Title:: Über asiatische Wechselkurse

Edition:: 2. (Titel-) Auflage

Place of publication:: Leipzig

Publisher:: G.A. Glöckner, Verlag für Handelswissenschaft

Year of publication:: 1920

Scope:: 1 Online-Ressource (138 Seiten, 6 ungezählte Faltblätter)

Digitisation:: 2018

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: I. Allgemeiner Teil

Collection:: Economics Books

VALUE OF LAND AN UNTAXED VALUE 41 true to-day, so it will be true in future of each new purchaser subsequently to the imposition of any new tax. It is in the very nature of things that the burden of a land tax cannot be made to survive a change of ownership. (/) This is equally true of a bond, but it is assumed that a tax levy should be not upon intangible stocks and bonds legally conceived as property, but only upon tangible goods and estates. It is, to be sure, just as true that a man who builds a house to rent pays no tax on his investment, but for a different reason. The tax, in that case, is shifted upon the user in increased house rent, except so far as, by discouraging building, it is reflected in lower wages for building. But an old tax upon the land is a burden neither upon present owner nor user. The tax on land is “absorbed,” that on the house is “shifted.”* (g) We cannot too soon or too rigidly fix in mind the fact that this ground rent of $300 is the governing factor in the situation;** that it is a tax laid not by the State but by nature, which every man must pay for the use of land, either to a private owner as rent, or to the State as a tax, or to both. No statute or ordi nance can increase or reduce, exempt from, or abolish the payment of this “economic rent,” or ground rent, to somebody. Its amount is neither fixed nor affected hy the tax that is put upon it, whether large or small. Taxing it cannot increase it; cannot decrease it; cannot abolish it. Its amount may always be calculated by this simple formula: ground rent equals interest * Landlords who own and let both land and tenement houses, apartment houses, and business blocks thereon, escape the burden of the tax on their * a nd, and at the same time shift upon their tenants the building tax, thus avoiding all share in the tax burden. **This is indeed the point from which the whole discussion proceeds.

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