Gesellschaftslehre

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Multivolume work

Identifikator:: 1892063557

Document type:: Multivolume work

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Deutsche Geschichte

Place of publication:: Berlin

Publisher:: Gaertner

Year of publication:: 1891-

Collection:: Economics Books

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Volume

Identifikator:: 1892072033

URN:: urn:nbn:de:zbw-retromon-239036

Document type:: Volume

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Neueste Zeit

Volume count:: Abt. 3

Place of publication:: Berlin

Publisher:: Weidmann

Year of publication:: 1907

Scope:: XIV, 516 S.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Viertes Kapitel. Die Freiheitskriege: 1809, 1813

Collection:: Economics Books

VALUE OF LAND AN UNTAXED VALUE 51 plished gradually and almost imperceptibly in one generation. The execution of this particular plan would involve an increase in the rate year by year sufficient to take in taxation annually an additional 1 per cent only of the gross ground rent for thirty years, or one generation. An average 0} about 20 per cent of gross ground rent is now taken in taxation, as for instance in Boston. If an additional 1 per cent should be taken each year for thirty years, it would amount finally to 30 per cent, which, added to the 20 per cent already taken, would make 50 per cent, or one-half, which is about the average proportion that present taxes bear to ground rent. By this plan, at the end of thirty years the burden °f $15 (1J per cent) per thousand on present valuation, now borne by the occupier, will have been placed on the land holder, and this transfer of burden would, even rf land did not meantime increase in value, reduce the selling value of his land, every 11,000 to I700. Mean time, few land owners would suspect the change, much less be prejudiced by it. But if a thirty-year bond is at a premium, and Worth one hundred and fifteen dollars to-day, and Will be worth only one hundred dollars or par at maturity, does the whole burden of the vanishing fifteen dollars premium fall upon the "present owners”? The new million dollar office building will Probably be worth little or nothing in three generations, hut this whole burden of ninety years natural decay is n °t visited upon “present owners.” The immediate reduction of 1 per cent (or one point on the stock hoard) in value of land would not greatly depress selling v alue, while increased taxes and consequent deprecia

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