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As the city creates the unearned increment, it is only sensible that the municipality should, through tax, take some of the value of the increment.
There is also what Ebenezer Howard, the inventor of garden cities, called the "unearned increment", which is the uplift in value when land becomes available for housing.
His budget included proposals for a 20% duty on what was in those days described as the unearned increment in land value, payable each time land changed hands.
That sum is unearned increment (economic rent in economic theory) and, since principal residential properties are exempt from capital gains tax, the gain is entirely tax-free.
What could be more of an "unearned increment," or unearned and undeserved rent income, than someone just happening to be the child of a rich person?
But fundamental to the plan was that the value would be retained in the community: every citizen was to be a shareholder, with the "unearned increment" ploughed back into civic facilities, rather than to absent landlords or speculative investors.
Similar(47)
He argued that Aberhart's proposed means of raising revenue—"unearned increments" and "production levies"—were actually disguised taxes, which would paid primarily by farmers, and that his claims that the necessary credit could be created "at the stroke of a fountain pen" on an accounting ledger were absurd.
Unearned revenue.
Unearned 'respect'respect
Increment borer?
Her emotional outbursts seem unearned.
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