The Last

UU. I am going to analyse only its conclusion, according to which the wealth is not only a relationship between wage and capital, but that involves income, which is finally going to absorb a part of the product of the work. Checks, this author, that the benefits of progress goes to, ultimately, at the hands of the owners of the land. It provides an idea which I think is very interesting, insofar as the production pyramid rests upon the Earth, in such a way that the relationship of supply and demand of production will have an impact on the speculative increase of income or the value of the land, what meant as a form of tax from the owner to the capital and labour. The result is that increased production has an impact on increasing revenues and lower wages. Since the distribution of land is unequal inequality grows even if economic growth.

In this way George sees that material progress can not end poverty, and distributive tax base is not enough. It proposes to establish a tax unique on Earth, for appropriating the income, not of the Earth. I.e. put all taxes on the value of the land. I think that raised his theory so maximalist and extreme, so it was not applied, except in some parts of Australia, especially when there was an ability to expand the population in that territory. Georgian theory seeks to exempt from taxes on capital to create wealth and limit the taxation value of land. His thesis is based on production pyramid rests on the basis of the ownership of the land. Since the last century have been changes in the economic model.

For example, create jobs to generate wealth has gone to create wealth to promote employment. This is the essential basis to raise the RB from political economy. It has also changed, or better has been changing, the base on which rests the economy.