Show SINGLE TAX IN NEW ZEALAND henry HENBY GEORGE and his land tax followers will have reason to rejoice over the fact that the new zealand legislature has passed a land tax law which approaches the george idea in many respects the aggregate land value of new zealand is nearly eleven persons own one 11 afif f of this while persons own oue one hundredth of it Theland the land problem has been a live issue there for the past ten years year the new law places a tax on land values irrespective of improve ments it taxes incomes as a well wel I 1 as land value and subjects improvement values in excess of to taxation the george theory is that all improvements ments should be exempt from taxation however the new zealand law might be considered a triumph for the single tax advocates inasmuch as the thin end of the wedge has been inserted in that country they have only to work for an increase of the exemption or its abolition altogether and then they will have a pilo single 9 le tax pure pre and |