234

THE  A  B  C  OF  TAXATION

Selling  value  of  land,  contrasted ­
  with  assessed  valuations, ­
  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.,  defines ­
  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  agricultural ­
  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  Boston, ­
  18;  resulting  exemptions, ­
  24;  as  an
income  tax,  25-26;  applied ­
  to  Boston,  27;
Federal  action  on,  30;
objections  to,  answered,
48-52,  89-91,  119;  illustrated, ­
  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;  illustrated ­
  in  Cornhill,  Boston, ­
  79-92;  and  the  “land
improvement  companies,” ­

  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  thorough ­
  consideration  of,
119-120;  and  the  Massachusetts ­
  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  polestar,
  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  social ­
  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.