The Policy Reform Government Infrastructure Developments...

Remedial policy reform is necessary to mitigate the benefits of government infrastructure developments from flowing disproportionately to landowners in the form of capital gains. George did not believe necessarily in dividing land among the population as not only would it be impractical but also does not offer a solution to affordable housing. Rather he proposes a land tax which would be efficient in accounting for the economic surplus arising from land ownership. He asserts that revenue raised would be sufficient to fund all public expenditure. Such reform would be advantageous to the economy insofar as the disincentive of increasing production imposed by income tax (as marginal benefit lowers with increased production) would be eradicated. The single land tax would result in a more equitable distribution of wealth which previously accrued only to landowners in the forms of rent and capital gains. The land tax would limit such gains as a portion is repaid to the public for exclusiv e use of a resource that the public is also entitled to. () Subsequently, reduction in wealth inequality results in savings in welfare provisions while revenue from land tax can be directed towards public housing. George ascertains targeting incentives of property speculation would depress property prices allowing for affordable housing to be more widely available. The demand for land incorporates both value in use and value in exchange accounting for the accommodation built on it and itsShow MoreRelatedIslam s Anti Western Appeal1775 Words   |  8 Pagesopposition. Mohammad Reza Shah, the second Pahlavi monarch who ruled Iran from 1941-1979, lived a lavish and alienating lifestyle, trying to emulate western society. With growing discontent towards the Shah and his westernizing reforms, Iranians turned to the Shia Ulema, the Iranian clergy, and other groups for guidance. 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PROJECT NUMBER 5e. TASKRead MoreSocio Economic Issues of Gilgit Baltistan4521 Words   |  19 PagesWazarat, and the states of Hunza and Nagar. With its administrative center at the town of Gilgit, Gilgit-Baltistan covers an area of 72,971  km ² (28,174  mi ²) and has an estimated population approaching 1,000,000. Pakistan considers the territory separate from Kashmir, whereas India and the European Union consider the territory as a part of the larger disputed territory of Kashmir that has been in dispute between India and Pakistan since 1947. The isolation associated with the Karakoram Mountains ensured