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The unearned increment

Haldane, Richard Burdon (1892) The unearned increment. Eighty Club, London.

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"Note I. The case of the metropolis illustrates the wrong which existing law has allowed to be done to the public. The following figures are based upon an elaborate calculation made by Mr. Sidney Webb:- In 1891, according to the then valuation of the metropolitan area, the annual rental was £39,835,700. Twenty-one years before, the annual rental was £22,142,706. The gross increase in rental between 1870 and 1891 was thus, £17,692,994. Of this rental it is estimated that £10,538,160 is attributable to the erection of buildings and improvements, leaving £7,154,834 as representing the increase in rent in the nature of unearned increment during this period. This enormous annual sum would now be going in reduction of rates and for other public purposes had London purchased the land on which it is built even as lately as 1870. There is little reason to doubt that in the next twenty-one years a similar loss will take place in adequate measures be not taken." - p.9.

Item Type: Book
Additional Information: Sidney Webb is listed under Executive Committee of the Eighty Club, as of 1891, p.[2]. Part of 19th Century Pamphlets Online and its full text is available at the link.
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HT Communities. Classes. Races
Date Deposited: 17 May 2017 15:41
Last Modified: 17 May 2017 15:43

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