Show UNEARNED INCREMENT The Fourth avenue church in New York Cit City has sold for The Thc site Rite cost originally The difference is what is meant I b by unearned increment That spot has waited while tho the cit city has grown glown around it The labor the energy the brain of the city has incessantly around it and all the time it has been levying upon them its steady assessment assess assess- ment mont until i it has fifteen times its original value Leaving out the question of religion and no noone noone one will ill deny that the principle is all wrong That io Li i for an individual to do the same thing would be beall beall all fill wrong And hence the I laws ws w's of f every city should tax property every ye year r for what Ilat it is worth orth rr ere should n never ver be any unearned increment on pr private ute property in in a city For instance on rain fain street t. t for five property has more than doubled dou don doubled bled in value within three years rears Because of the money and work of other men this advance has been made We Ve would not disturb those who have havet built or contemplate building in the near future but those who hold on for lb no reason except that they may appropriate this une unearned increment for such Ritch w we would give the assessor sessor full power to divide di- di vide ide tl the increment ment with the property ow owner ovner er |