271. Explain the advantages of industrial partnership, in which the employés share, in proportion to the wages received, half the profits of the business beyond a certain fixed minimum which is assigned to the employers.
Taxation.
272. How is the state justified in undertaking any manufacture or service which might be performed by private enterprise?
273. Enumerate Adam Smith's canons of taxation.
274. Examine the argument in favor of the resumption by the state of what is called the unearned increment in the value of land arising from the development of society.
275. A picture by Gainsborough and a house in Broadway are sold in the same year at the same price; at the end of fifty years each sells for five times its first cost. Is there any, and, if so, what, reason why the increase should be sequestrated for the public benefit in the one case and not in the other?
276. Explain the incidence of taxes laid on wages.
277. Why should a tax on profits, if no improvements follow, fall on the laborer and capitalist?
278. Explain what effect, if any, will be produced on the price of corn by—
| (1) a tax upon rent; | |
|---|---|
| (2) a tithe; | |
| (3) a tax of so much per acre, irrespective of value; | |
| (4) a tax of so much per bushel. |