One of the mysteries of the English language finally explained.
An increase in the value of land or property without labor or expenditure on the part of the owner.
- ‘By means of the inevitable operation of the ‘law of rent,’ George stated, rent or unearned increment would always exist as a mathematical differential.’
- ‘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.’
- ‘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.’
- ‘Knight would reiterate his view in a 1953 article: ‘There is no socially-created unearned increment in the possession of landowners.’’
- ‘He concluded that ‘farmers and farms are more numerous, farm products more plentiful, and farm prices lower, because of the unearned increment.’’
- ‘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.’
- ‘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.’
- ‘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.’
- ‘The individualist anarchists attacked the concepts of rent, law of rent, unearned increment, and land value.’
- ‘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 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.’
- ‘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.’
- ‘In 1868-69 on a visit to Britain, Grey discussed with John Stuart Mill the theory of taxing the unearned increment of land.’
- ‘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.’
- ‘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.’
- ‘There are merits in the potential for pressure to put land to ‘highest and best use’ and the prospects of capturing future unearned increments.’
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