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See also:BETTERMENT (i.e. " making better," as opposed to " worsement ") , a See also:general See also:term, used particularly in connexion with the increased value given to real See also:property by causes for which a See also:tenant or the public, but not the owner, is responsible; it is thus of the nature of unearned increment." When, for instance, some public improvement results in raising the value of a piece of private See also:land, and the owner is thereby " bettered " through no merit of his own, he gains by the See also:betterment, and many economists and politicians have sought to arrange, by See also:taxation or otherwise, that the increased value shall come into the See also:pocket of the public rather than into his . A betterment tax would be so assessed as to divert from the owner of the property the profit thus accruing " unearned " to him . (See also See also:COMPENSATION.) The whole problem is one of the incidence of taxation and the question of land values, and various applications of the principle of betterment have been tried in See also:America and in See also:England, raising considerable controversy from See also:time to time . See A . A . Baumann, Betterment, Worsement and Recoupment (1894) . |
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