234 
THE A B C OF TAXATION 
Selling value of land, con 
trasted with assessed val 
uations, 16-17; effect of 
mortgage on, 24, (ftn.), 
39, 43; an untaxed value, 
36-52, jS-48, 188; the 
“rump, 85; definition 
of, 188. 
Shearman, Thomas G., de 
fines ground rent, 4; on 
impossibility of shifting 
a tax on rent, 33; on 
effect of present taxation, 
108; on sufficiency of 
the single tax, 116; on 
overvaluation of agri 
cultural land, 125, 127. 
Shepard, Norwell Company, 
Boston, improvement in 
property of, 58. 
Single tax, a natural tax, 4, 
41, 83, 115; effect of, 8; 
calculation of, for Bos 
ton, 18; resulting ex 
emptions, 24; as an 
income tax, 25-26; ap 
plied to Boston, 27; 
Federal action on, 30; 
objections to, answered, 
48-52, 89-91, 119; illus 
trated, in Winter Street, 
Boston, 55-65; effect of, 
on buildings, 57, 69, 75, 
77, 80, 82; illustrated 
in Washington Street, 
Boston, 66-78; Edward 
Atkinson on, 73; based 
on a scientific principle, 
76, 84, 175; not really a 
tax, 76, 113; explained 
76, 91, 153-163; illus 
trated in Cornhill, Bos 
ton, 79-92; and the “land 
improvement com 
panies,” 82; cure for 
special privilege, 86; not 
land nationalisation, 89; 
defined, 91-92; equal 
freedom under, 99; origin 
in justice, 102; justice of, 
108-121; and franchises, 
109; and wages, 1x3; 
effect on distribution 
113, 176; as a natural 
tax, 116; and socialism, 
118; obstacles to a thor 
ough consideration of, 
119-120; and the Mas 
sachusetts constitution, 
121; and the farmer, 122- 
131; Credo, Argument, 
Conclusion of, 153-163; 
defined byHenry George, 
153; doctrine, catholic, 
154, 167; legs on which it 
stands, 155; the pole- 
star, 163; ethics of, 167, 
168; loadstone, 168; a 
religious philosophy, 168. 
Single tax tripos, three legs 
of, 3-3°> 31-35. 36-52, 
. J55- 
Smith, Adam, on rent a so 
cial product, 28-29; on 
impossibility of shifting 
a tax on ground rent, 33. 
Social discontent, 149. 
Social product, ground rent a, 
9, II, 25-30; land values 
a, 10, 28-30. 
Socialism and the single tax, 
118, 167. 
Socialisation of rent, 167-168. 
Special privilege, taxation of, 
7, 8, 27, 86, 109, 150; 
renting, 8; elimination 
of, 8; value of, 9; income 
from, 26; absorbs taxes.