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Uploaded on May 7, 2008
Part 6. Wendell Fitzgerald with Peter Melton examine the little known fact that all land value is created by society as a whole, not individual landowners, and that private ownership and collection of this community created value constitutes an unearned free gift to landowners at the expense of all society and a special injustice to all non-landowners, i.e. renters, and now, more than ever, the homeless. A shift of property taxes from a tax on improvements and land value to a tax on land value only as suggested by the 19th century economist, Henry George, would begin to solve this most fundamental of flaws in so-called capitalist/free market theory and practice. Wendell is a long time member of the Henry George School of San Francisco. HenryGeorgeSF.org. Produced by DanShaw.com.