The Fallacy of Henry George With Regard to the Growth of Rent, As Exposed By the Income Tax Returns for the Past And Present Centuries
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£2-6 10s.
L.et us now compare these fig'ures with the national income, omitting the first period, with regard to which our information is inadequate.
The income of Great Britain we know with approximate accuracy to have been in the year 1800 about £170,000,000. The data as t-o Ireland are deficient, as was specially remarked hy Pitt, but, even if we assume that Ireland was no less opulent than Great Britain, the income of the United King^dom woiild not have been in the year 1800 more than £230,...000,000. In the year 1880 it was estimated by all parties at about, or rather more than, £1,200,000,000. In the year 1896 it was estimated at about £1,550,000,000.
If we take the period 1801-80, the capital value of land rose continuously, apart from one period of depression, from about £36 to about £51 per acre ■ — that is to say, in a ratio of aboiit 41 per cent. The national income during the same period increased in a ratio of more than 420 per cent.
If, instead of increasingf— as, according to George, it always does and must do, faster than the national income as a whole— rent had only kept pace with Income of other kinds, the capital value of land in 1880 would not have been less than £170 an acre.
What to read after The Fallacy of Henry George With Regard to the Growth of Rent, As Exposed By the Income Tax Returns for the Past And Present Centuries?
You can find similar books in the "Read Also" column, or choose other free books by London Municipal Society. Dept. of Social Economics to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
£2-6 10s.
L.et us now compare these fig'ures with the national income, omitting the first period, with regard to which our information is inadequate.
The income of Great Britain we know with approximate accuracy to have been in the year 1800 about £170,000,000. The data as t-o Ireland are deficient, as was specially remarked hy Pitt, but, even if we assume that Ireland was no less opulent than Great Britain, the income of the United King^dom woiild not have been in the year 1800 more than £230,...000,000. In the year 1880 it was estimated by all parties at about, or rather more than, £1,200,000,000. In the year 1896 it was estimated at about £1,550,000,000.
If we take the period 1801-80, the capital value of land rose continuously, apart from one period of depression, from about £36 to about £51 per acre ■ — that is to say, in a ratio of aboiit 41 per cent. The national income during the same period increased in a ratio of more than 420 per cent.
If, instead of increasingf— as, according to George, it always does and must do, faster than the national income as a whole— rent had only kept pace with Income of other kinds, the capital value of land in 1880 would not have been less than £170 an acre.
What to read after The Fallacy of Henry George With Regard to the Growth of Rent, As Exposed By the Income Tax Returns for the Past And Present Centuries?
You can find similar books in the "Read Also" column, or choose other free books by London Municipal Society. Dept. of Social Economics to read onlineMoreLess
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