After the land value has been fixed, we have also another regulation; what is it? In other countries, from the year in which the price was fixed, any increase in the price subject to further taxation. But, our plan is to place all future increase in price at the disposal of the public, because such increase is owing to the improvements made by society and the progress of industry and trade.
Baitoriat Notes Ne incentive tthe renee te eeelp hie property For thousands of years Chinese industry and trade has not greatly advanced, so the price of land through many generations has not altered much. As. soon as there is Progress and improvement, such as wwe see in new centres to-day, where things change daily, the value of land will increase a' thousand fold or even ten thousand fold, Now the credit of this, kind improvement and progress belo to the people who have worked hal so any increase in the value of land fought to go to them and not to private individuals. For instances a Tand owner rports the value of a piece of land as $10,000. After several years that land is worth $81,000,000, 20 in my opinion, these $990,000, ought to belong to the public, as a recompense to the members of the social body who have improved the lund and to those who have developed the industries and trade, This method of giving all increased values to the public is the Kuo mintang's principle of proportional distribution of land; in other words, the welfare of the people, communism, therefore the members of the Kuomintang who advocate the Three Principles, ought not oppose it, because the object of this social welfare is that all people should share alike, But the common sharing is u thing of the future and not the present, and is an entirely just method, and those who already have prepeity will not Proportional Distribution This is very different from what they call Nationalization in Europe and America, where the private property of the people is forcibly seized by the government. Land owners when they really understand the reason for proportional distribution, reed not be afraid because' accord ing to our method, we shall give the present fixed land prices to the owns ers, When this land question is settled, then the problem;|welfare of the people will be halt solved, When civilized centres carry out the scheme of land taxa tion, the poor people will "have fewer burdens to bear, and will reap all serta of benefits, just as now in Canton, Ff taxes ave proportional to Jand values, then the government will have a large income, and they will be able to estimate expenditure in order to carry out improvements, All sorts of taxes will then be re= mitted, and such things as water Yates and cleetrie light expenses will be borne by the government and not by the people. This also applies to the upkeep of roads and support of the police.
Text read from the printed page and cleaned; old type leaves the occasional error.