The New Republic, June 14, 1975
NOT LONG AGO a West Coast bank president mentioned to me that a piece of land he had purchased along- side a new state highway had doubled in value in a few years. His windfall is an example of what John Stuart Mill called the “unearned increment.”
The New Republic, September 30, 1972
WHAT IS WEALTH, who gets it, and why? More to the point, why — despite wars on poverty, progressive taxation, relatively high employment and widespread educational opportunity — does our economy so stubbornly perpetuate inequality?
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