27 lines
690 B
Markdown
27 lines
690 B
Markdown
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-5-chapter-02 -->
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# Ground Rent Tax
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## Definition
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A tax specifically levied on the rent of land upon which buildings stand,
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which falls entirely upon the owner of the ground as a monopolist who exacts
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the maximum rent possible for the use of his land.
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## Source Chapter
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Book V, Chapter 2
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## Context
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Smith argues that ground rents are particularly suitable for taxation because
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they arise from the good government of the sovereign rather than from any
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effort by the landowner, and such a tax would not discourage industry or
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improvement.
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## Economic Domain
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General Theory
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---
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