Sunday 30 October 2011

Take the test: are you a Home-Owner-Ist or a free-market capitalist? (1)

Jot down your answers (As and Bs) on a piece of paper, then click and highlight at the end to check your result.
---------------------------------------
1. All other things being equal, when house prices increase we become...
A. Wealthier
B. Poorer


2. The rental value of any plot of land is roughly equal to the burden placed on the rest of society by virtue of them being excluded therefrom.
A. Don't agree
B. Agree


3. The most important type of 'private property' is:
A. Land and buildings
B. The value we create by exercising our skills and labour and the things we obtain by free exchange.


4. The estate agent's mantra "Location, location, location" is another way of saying that "Land values are created by the community".
A. Don't agree
B. Agree


5. Adam Smith, David Ricardo, Henry George and Milton Friedman all said that taxing land values was preferable to taxing labour and profits. They were:
A. Closet socialists.
B. Proper free market capitalists

------------------------------------
Results:
Mainly As - Oh dear, you are a Home-Owner-Ist.
Mainly Bs - Congratulations, you are a free market capitalist.

-----------------------------------

4 comments:

Anonymous said...

I think you wrote 5 for my benefit.

:)

AC1

Mark Wadsworth said...

AC1, yup.

James Higham said...

Trick question, of course.

Removalists Melbourne said...

I really agree with number 3.