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Progress and Poverty: An Inquiry into the Cause of Increase of Want with Increase of Wealth: The Remedy
By Henry George
Rating: 4 out of 5 stars
4/5
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About this ebook
Progress and Poverty is Henry George's classic book on the causes and effects of industrial depressions.
This classic work is an enquiry into the cause of industrial depressions and the persistence of poverty amid advancing wealth. The author realized that the harmful effects could be rectified through a change in the tax system and allowing market forces to work. It was admired and advocated by great minds such as Albert Einstein, Winston Churchill, Leo Tolstoy and Sun Yat-sen in China. It offered an alternative ethical and practical guide at a time when the collapse of the Marxist/Socialist experiment and the deep recession in the West left many seeking fresh inspiration.
This classic work is an enquiry into the cause of industrial depressions and the persistence of poverty amid advancing wealth. The author realized that the harmful effects could be rectified through a change in the tax system and allowing market forces to work. It was admired and advocated by great minds such as Albert Einstein, Winston Churchill, Leo Tolstoy and Sun Yat-sen in China. It offered an alternative ethical and practical guide at a time when the collapse of the Marxist/Socialist experiment and the deep recession in the West left many seeking fresh inspiration.
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Reviews for Progress and Poverty
Rating: 4.11999996 out of 5 stars
4/5
25 ratings3 reviews
- Rating: 5 out of 5 stars5/5An incredibly well-written book. Although I disagree with the author's conclusions, and Marx himself found them laughable, Henry George is a fantastic writer and his arguments against Malthus are an important read.
- Rating: 5 out of 5 stars5/5Highly ambitious and inventive for its time and, perhaps, even for our time. Merits consideration by anyone who cares about income inequality and land monopoly. I don't quite buy that a land value tax will cure as many ills as George does, but there is no questioning the ethical foundation.
- Rating: 3 out of 5 stars3/5Interesting ideas. Sometimes pompous-sounding exposition. Summary: Rent = income from the use of land; comes at the expense of wages but is not itself productive. Community concentration of labour makes rents increase, which reduces wages ultimately to rock-bottom slavery levels. Therefore tax rent to a large degree to give money back to the community; reduce all other taxes and watch productivity and wages soar, poverty and land speculation end, good government return, civilisation wax instead of wane. George's ideas have relevance today and have never been fully implemented. Income taxes are only a century old but we regard them as the bedrock of taxation. What if there were another way? Henry George believed that private monopoly ownership of land is an evil which causes poverty and inequality, and ultimately the downfall of civilisation.