unearned increment

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Garland's use of the term 'plundering' to describe the appropriation of the unearned increment by individual landowners contrasts with the language of those who speak of the 'interference' or 'intervention' of government in the free market.
In the case of land that had passed through many ownerships, the unearned increments enjoyed by previous owners would not be affected under George's proposal.
On the basis of the moral economy and the popular labour theory of value, wealth gained through profit, interest, rent and speculation by 'accumulators', 'profit and loan-mongers' and 'stock and land-jobbers', was unearned increment that had its origin in the socially useful labour of the producing classes.
Farrell argued therefore that the case for taxing away the unearned increment of land rested not merely on economic considerations:
He repeatedly declaimed against the unearned increments of urban land, and his emotional accounts of life in the slums of great cities show his deep concern for the urban land problem.
Possession, like ownership, provides the security of tenure required for the possessors to undertake capital improvements, but, due to the land tax, does not give them the right to the unearned increment derived from the growth in land rent.
However, from the perspective of the historian of economic thought, the work has an added fascination, because Day, despite adhering to the basic Georgist view on unearned increments, is prepared to differ from the standard Georgist position on some significant issues, so much so that his position might well be described as Neo-Georgist, although Day does not employ that term.