Spencer Heath Archive

Item 2096

Penciling on small, lined note paper inserted in Henry George, Progress and Poverty (52nd Anniversary Edition, London, The Henry George Foundation of Great Britain, 1931).

Henry George in Progress and Poverty showed:

1. That men create their own wages and subsistence.
2. That men produce and create their subsistence most abundantly where they are in closest association and have the highest social organization.
3. That the highest social organization is that in which there is the greatest freedom of association and exchange of services.
4. That to have this freedom we must abolish all taxation, all restrictions, on labor and its products.
5. That speculation, particularly in land, restricts the employment of labor and diminishes its product and sub­sistence.
6. That speculation is inseparable from private ownership of land.
7. That to prevent speculation we must not only abolish all taxation and restrictions, but also, in effect, at least, the private ownership of land.
8. That taking and using for public purposes the entire rent or annual value of land would, in effect, destroy private ownership in land.

Inferentially, and in later works, he teaches:

1.  That taxes and restrictions on production and exchange create monopolies and induce speculation