=+e. Defend the following statement: A 100% tax on income from land is equivalent to the government
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=+e. Defend the following statement: A 100% tax on income from land is equivalent to the government confiscating land and asking for annual rental payments, with the present value of all future rental payments equal to the previous price of the land.
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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