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Progress and Poverty

Summary:

The book examines the paradoxical increase in wealth alongside pervasive poverty during the industrial era, attributing this to the monopolization of land. It proposes a single tax on land value as a solution to redistribute wealth and eliminate inequality.

Key points:

1. Land as Wealth and Inequality Source: Henry George claims land creates wealth due to scarcity and necessity for production. As economies grow, landowners get richer, increasing inequality.

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