OBJECTS OF THE SINGLE TAX.

Waikato Times, Volume XXXVIII, Issue 3007, 22 October 1891, Page 2

OBJECTS OF THE SINGLE TAX.

TO THE KlJirilll. Sill, — f l'eid Mr I'art's letter on the above subject in your last issue with considerable interest, but there are some statements of his I cannot understand exactly ; his arithmetic and mine don't agree. For instance, the total unimproved value of the hind in New Zealand he puts down at £40,000,000, and that we have to pay £5,000,000 for public and private interest and taxation. To obtain this sum would mean a tax of nearly 15 per cent instead of 5 per cent that he talks about, and upon which he Ins based all his wonderful deductions. Under the proposal he would let scot froe all accumulated wealth now invested in shares or on mortgage. Mr I'arr also cl;.iins that it is population alone that gives value to land. If this be so, ought not the early settlers and their descendants to be considered ? If through them the value of land has been greatly increased, they are surely more to be considered than tho man who has just skipped ashore.—l am, etc., Quidnu.vij.