Subsequent Developments
The ideas of the Physiocrats had an influence on David Ricardo, John Stuart Mill, and above all, Henry George, who appears at first to have come to similar conclusions independently. George was the driving force behind what became known as the Single Tax movement, not to be confused with Flat Tax. The Single Tax is a proposal for the use of the annual rental value of land (land value taxation) as the principal or sole source of public revenue.
Read more about this topic: Physiocrats
Famous quotes containing the words subsequent and/or developments:
“And he smiled a kind of sickly smile, and curled up on the floor, And the subsequent proceedings interested him no more.”
—Francis Bret Harte (1836–1902)
“I don’t wanna live in a city where the only cultural advantage is that you can make a right turn on a red light.
Freedom from labor itself is not new; it once belonged among the most firmly established privileges of the few. In this instance, it seems as though scientific progress and technical developments had been only taken advantage of to achieve something about which all former ages dreamed but which none had been able to realize.”
—Hannah Arendt (1906–1975)