UNEARNED INCREMENT.
(To the Editor.) Sir, —Concerning your article in this morning’s issue, entitled. “Unearned Increment,” is there no such thing as “unearned depreciation.” The socialist doctrine appears to he something like this: Since a holder has the value of his land enhanced, by the growth of settlement, etc.—for which he is not responsible—the State is therefore justly entitled to seize any part or the whole of the added value of the land. But are there not two sides to this question? Land does net always increase in value. May I state the logical sequence to the above proposition, as follows: Since tile holder has the value of his land decreased by the diminution of settlement, etc.— for which he is not responsible—the State is therefore justly expected to pay him any part or the whole of the subtracted value of the land.—l am, etc., GUY PORTER.
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Gisborne Times, Volume XXVII, Issue 2616, 25 September 1909, Page 5
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147UNEARNED INCREMENT. Gisborne Times, Volume XXVII, Issue 2616, 25 September 1909, Page 5
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