Rerum novarum and Its Principle on the Just Taxation of Immovable Properties

Francesco Forte, Flavio Felice () and Elton Beqiraj ()
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Flavio Felice: University of Molise
Elton Beqiraj: La Sapienza University of Rome

A chapter in On the Economic Significance of the Catholic Social Doctrine, 2017, pp 135-166 from Springer

Abstract: Abstract The paper consists of three parts. The first part focuses on Rerum novarum theoretical background, where property rights as natural rights of human person have a particular relevance together with those of labour. In particular, it appeared to re-affirm the sanctity of private property sought by the American bishops in the debates with Henry George and his supporters. The second part is devoted to the property rights in Rerum novarum (henceforth, RN) and on the controversy with it by Henry George who maintained that the main purpose of the sections on property rights as natural rights was that of combatting his thesis of taxing the rent of immovable property to replace the other taxes and especially those on workers. The third part examines, by and econometric research on the OCSE countries from 1965 to 2013, whether the economic effects of this taxation are favorable on GDP growth, as maintained by Henry George, with his theory of land rent or bad, as maintained by the encyclical. It results a general negative relation of this tax to GDP growth, supporting the Encyclical position.

Keywords: Ordoliberalism; Social market economy; Catholic social thought; Henry george; Rerum novarum; Subsidiarity; Polyarchy; Taxation; Property rights; A13; C33; H24; K11; N33; N34; O43; P11; Z13 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:euhchp:978-3-319-52545-7_11

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DOI: 10.1007/978-3-319-52545-7_11

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