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An increase in the value of land or property without labour or expenditure on the part of the owner.
- ‘Knight would reiterate his view in a 1953 article: ‘There is no socially-created unearned increment in the possession of landowners.’’
- ‘Second, even in the agrarian sphere, it failed to provide for the social capture of the unearned increment of land, the truly fundamental basis for a just and efficient economic order.’
- ‘He concluded that ‘farmers and farms are more numerous, farm products more plentiful, and farm prices lower, because of the unearned increment.’’
- ‘There are three obvious ways that society can capture the unearned increment: by requiring lease payments from the land user, by a wealth tax, and by a tax on rental income.’
- ‘But a larger equity problem is that sellers of development rights are being allowed to capture an unearned increment in land value brought on largely by public investment in infrastructure.’
- ‘Land value taxation alone will not limit the spread of suburbs, because public investment in roads, schools, and sewer and water is causing the unearned increments on nearby land to rise.’
- ‘Absentees are redundant parties in production, but often top bidders for pure ownership; that is the legal privilege of receiving ground rents plus unearned increments that accrue over time.’
- ‘The increase in the value of land is called the unearned increment.’
- ‘Davenport stressed in his article that the claim for the unearned increment was grossly exaggerated.’
- ‘But what most certainly can be done to minimise the inequities and incongruities is to capture the insidiously ubiquitous unearned increment in commodified land values.’
- ‘In 1868-69 on a visit to Britain, Grey discussed with John Stuart Mill the theory of taxing the unearned increment of land.’
- ‘He explained that where compensation of some form was to be provided for the loss of the unearned increment in land values, further economic distortion would result.’
- ‘By means of the inevitable operation of the ‘law of rent,’ George stated, rent or unearned increment would always exist as a mathematical differential.’
- ‘There are merits in the potential for pressure to put land to ‘highest and best use’ and the prospects of capturing future unearned increments.’
- ‘In essence, the value of the development rights is the unearned increment that would accrue to the landowner from selling the property on the open market.’
- ‘Given the concentration of land ownership, and the inclusion of rental income in taxable income, the income tax was a great initiative toward the taxation of the unearned increment from land.’
- ‘Concurrently used with the concepts of rent and unearned increment was the term land value.’
- ‘George, like all other economists, used the term unearned increment to apply to increases in value that occurred separately from the things discussed by Harris.’
- ‘Certainly, there have been unearned increments in land prices.’
- ‘The individualist anarchists attacked the concepts of rent, law of rent, unearned increment, and land value.’
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