- Betterment
Betterment, making
better , is a general term used particularly in connection with the increased value given toreal property by causes for which atenant or thepublic , 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 land, and the owner is thereby bettered through no merit of his own, he gains by the betterment, and many economists andpolitician s have sought to arrange, bytax ation or otherwise, that the increased value shall come into the pocket of the public rather than into the owner's. A betterment tax would be so assessed as to divert from the owner of the property theprofit thus accruing unearned to him. 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 theUnited States and inEngland , raising considerable controversy from time to time.References
*1911
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