The Socialism of to-day

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Monograph

Identifikator:: 835096955

URN:: urn:nbn:de:zbw-retromon-28834

Document type:: Monograph

Author:: Laveleye, Émile de

Title:: The Socialism of to-day

Place of publication:: London

Publisher:: Field & Tuer

Year of publication:: 1884

Scope:: 1 Online-Ressource (XLIV, 331 S.)

Collection:: Economics Books

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SOCIALISM IN ENGLAND. 295 the one representing the “ inherent value,” which would depend on natural conditions, means of communication, nearness to markets, etc, and the other consisting of the “ additional value ** given to the land by landlords and occupiers, such as build ings, fences, and permanent improvements. The former part will be the “ quit-rent ” henceforth payable to the State, and will be liable to periodic revision ; the latter will be the annual value of the “tenant-right,” as Mr. Wallace calls it, which is always to remain the property of the future holder of the land. As in future no sub-letting will be allowed, the “ tenant- right ” of all lands not in the actual occupation of the present landlords will have to be sold. The present tenants will have a right of pre-emption, and, in the absence of agreement with the present landlords, the amount to be paid will be fixed by local Land Courts. When required, this sum will be advanced to the tenant by authorized Loan Societies or muni cipal authorities, to be repaid by means of terminable rent- charges. Once the “ tenant-right ” has been thus purchased, the purchaser will become the tenant of the State, subject to the quit-rent, and the “ tenant-right ” will thenceforth be freely saleable. Mr. Wallace differs from most other modem advocates of land nationalization in admitting that “ existing landowners and their expectant heirs must be compensated.” * This, he thinks,may be fairly and adequately done by the State securing to the existing landowner and “ to any heir or heirs of his who may be living at the passing of the Act, or who may be born at any time before the decease of the said owner,” an annuity equivalent to the annual value of the portion of his property appropriated by the State, f This proposal evidently springs from a sense of justice in Mr. Wallace which is lacking in Mr. * Nevertheless, Miss Helen Taylor finds it compatible with her sense of consistency to take an active part both in the Society formed for advo cating Mr. Wallace’s views and in that which owes its inspiration to the writings of Henry George. She is also on the committee of the Social Democratic Federation. . . t In the programme of the Land Nationalization Society the annuity is restricted to the landlord and “ such of his heirs as may have been alive at the passing of the Act.”

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